Cliftonlarsonallen Wealth Advisors LLC Purchases New Position in Marathon Petroleum Corporation $MPC

Key Points

• Cliftonlarsonallen Wealth Advisors bought a new stake of 11,188 shares in Marathon Petroleum during Q4, valued at approximately $1.82 million.
• Q4 results beat expectations: Marathon reported $4.07 EPS versus a $3.73 consensus and $32.57 billion in revenue (vs. $30.89B expected), with EPS up from $0.77 a year earlier and analysts forecasting ~8.47 EPS for the year.
• The company declared a quarterly dividend of $1.00 per share (annualized $4.00, ~1.7% yield) and carries a consensus rating of "Moderate Buy" with an average target price of $220.75; institutional investors own about 76.77% of the stock and insiders have recently trimmed positions.

Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,188 shares of the oil and gas company's stock, valued at approximately $1,820,000.

Other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new stake in Marathon Petroleum in the second quarter worth about $25,000. WFA of San Diego LLC bought a new stake in Marathon Petroleum in the second quarter worth about $33,000. Rialto Wealth Management LLC lifted its stake in Marathon Petroleum by 721.4% in the fourth quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 202 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in Marathon Petroleum in the fourth quarter worth about $38,000. Finally, IAG Wealth Partners LLC bought a new stake in Marathon Petroleum in the third quarter worth about $39,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $232.14 on Thursday. The company has a 50 day moving average price of $216.35 and a 200-day moving average price of $195.61. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. Marathon Petroleum Corporation has a fifty-two week low of $115.42 and a fifty-two week high of $255.77. The company has a market capitalization of $68.37 billion, a PE ratio of 17.39, a P/E/G ratio of 0.51 and a beta of 0.58.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company's revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum's payout ratio is currently 29.96%.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares of the company's stock, valued at approximately $1,717,054.50. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 4,473 shares of company stock worth $1,015,428 over the last ninety days. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPC. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a "neutral" rating for the company in a research note on Tuesday, January 13th. Jefferies Financial Group decreased their price objective on shares of Marathon Petroleum from $216.00 to $205.00 and set a "buy" rating for the company in a research note on Monday, January 26th. Wall Street Zen raised shares of Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 28th. Finally, Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $213.00 to $217.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $220.75.

Marathon Petroleum Profile

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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