Advisor Resource Council Invests $1.11 Million in Marathon Petroleum Corporation (NYSE:MPC)

Advisor Resource Council acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,631 shares of the oil and gas company's stock, valued at approximately $1,112,000.

A number of other hedge funds have also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $27,000. Cape Investment Advisory Inc. raised its stake in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the period. OFI Invest Asset Management acquired a new position in Marathon Petroleum during the 4th quarter worth approximately $44,000. Finally, Capital A Wealth Management LLC acquired a new position in Marathon Petroleum during the 4th quarter worth approximately $52,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

MPC stock traded up $1.51 during midday trading on Friday, reaching $168.93. 6,553,131 shares of the company's stock traded hands, compared to its average volume of 2,687,947. The company has a 50-day moving average price of $151.77 and a two-hundred day moving average price of $146.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. The firm has a market capitalization of $51.90 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.34 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the company posted $2.58 EPS. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.15%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MPC shares. Mizuho upped their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James Financial lowered their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler dropped their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company upped their target price on Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $175.80.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.