Encompass Wealth Advisors LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Key Points

• Encompass Wealth Advisors LLC acquired a new stake in Marathon Petroleum Corporation during the 2nd quarter, purchasing 1,266 shares valued at approximately $210,000.
$198.85, with analysts projecting an average price target of $193.71 and several recent upgrades from major financial institutions.
• The company recently reported earnings of $3.96 per share for the latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.91.

Encompass Wealth Advisors LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,266 shares of the oil and gas company's stock, valued at approximately $210,000.

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

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Molly R. Benson sold 10,879 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Up 1.2%

Shares of Marathon Petroleum stock opened at $198.85 on Friday. The stock's fifty day moving average is $175.09 and its 200-day moving average is $160.37. The firm has a market capitalization of $60.45 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 3.41 and a beta of 0.97. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $201.61.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $4.12 earnings per share. Marathon Petroleum'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 earnings per share for the current 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 paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.8%. Marathon Petroleum's dividend payout ratio (DPR) is currently 54.01%.

Analysts Set New Price Targets

MPC has been the topic of several research analyst reports. UBS Group raised their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a "buy" rating in a research note on Friday. Barclays boosted their target price on Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Morgan Stanley upped their price objective on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and a consensus price target of $193.71.

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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