Marathon Petroleum Corporation (NYSE:MPC) Position Increased by Demars Financial Group LLC

Demars Financial Group LLC raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,713,595 shares of the oil and gas company's stock after purchasing an additional 536,462 shares during the period. Marathon Petroleum accounts for approximately 2.2% of Demars Financial Group LLC's holdings, making the stock its 7th biggest position. Demars Financial Group LLC owned 1.51% of Marathon Petroleum worth $686,724,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Inscription Capital LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $377,000. Grove Bank & Trust boosted its stake in shares of Marathon Petroleum by 11.7% during the first quarter. Grove Bank & Trust now owns 3,006 shares of the oil and gas company's stock valued at $438,000 after purchasing an additional 315 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $1,521,000. Northstar Group Inc. bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $221,000. Finally, Brown Miller Wealth Management LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $382,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MPC shares. TD Cowen raised their target price on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial lowered their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eight have given 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, the company currently has an average rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum Trading Down 1.6%

Shares of NYSE:MPC traded down $2.71 during mid-day trading on Wednesday, reaching $167.37. 2,593,637 shares of the company were exchanged, compared to its average volume of 2,693,062. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The firm has a market cap of $51.42 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 3.35 and a beta of 0.89. The firm's 50-day simple moving average is $149.22 and its 200 day simple moving average is $146.55. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.31.

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

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. Marathon Petroleum's payout ratio is 51.20%.

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.