Brown Miller Wealth Management LLC Buys Shares of 2,624 Marathon Petroleum Co. (NYSE:MPC)

Brown Miller Wealth Management LLC purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,624 shares of the oil and gas company's stock, valued at approximately $382,000.

Other hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at $27,000. Sierra Ocean LLC bought a new position in Marathon Petroleum in the 4th quarter worth $31,000. Cape Investment Advisory Inc. lifted its position 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 acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Marathon Petroleum during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research analyst reports. Barclays raised their target price on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley cut their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James decreased their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus target price of $176.21.

Marathon Petroleum Trading Up 0.6%

Shares of MPC opened at $165.99 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a market cap of $50.99 billion, a PE ratio of 16.72, a PEG ratio of 3.11 and a beta of 0.89. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $183.31. The stock has a 50 day simple moving average of $147.49 and a 200-day simple moving average of $146.32.

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, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same period in the prior year, the company posted $2.58 earnings per share. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given 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 2.19%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

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.

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