Bill Few Associates Inc. Purchases 1,443 Shares of Marathon Petroleum Corporation $MPC

Key Points

• Bill Few Associates Inc. increased its stake in Marathon Petroleum by 62.8%, purchasing an additional 1,443 shares, bringing its total holdings to 3,742 shares valued at approximately $622,000.
• Marathon Petroleum’s stock has a consensus rating of "Moderate Buy" from analysts, with price targets ranging from $182.00 to $200.00.
• The company recently announced a quarterly dividend of $0.91 per share, equating to an annual yield of 2.0%.

Bill Few Associates Inc. raised its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 62.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,742 shares of the oil and gas company's stock after purchasing an additional 1,443 shares during the quarter. Bill Few Associates Inc.'s holdings in Marathon Petroleum were worth $622,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC grew its stake in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. Decker Retirement Planning Inc. lifted its position in shares of Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at approximately $35,000. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPC has been the subject of several research reports. Dbs Bank raised Marathon Petroleum to a "moderate buy" rating in a report on Monday, July 28th. Barclays lifted their price target on Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Morgan Stanley lifted their price target on Marathon Petroleum from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Citigroup lifted their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Wolfe Research cut Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $198.92.

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

Marathon Petroleum Trading Down 3.5%

Shares of MPC opened at $181.08 on Monday. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61. The business's fifty day moving average is $178.73 and its 200-day moving average is $163.71. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The firm has a market cap of $55.05 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 3.04 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion for the quarter, compared to analyst estimates of $31.70 billion. During the same quarter last year, the company posted $4.12 EPS. The company's revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum's payout ratio is currently 54.01%.

Marathon Petroleum 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.

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