Energy Income Partners LLC Purchases 5,352 Shares of Marathon Petroleum Corporation $MPC

Key Points

• Energy Income Partners LLC increased its stake in Marathon Petroleum by 87.0%, owning 11,506 shares valued at $1,676,000 as of its latest SEC filing.
• Marathon Petroleum recently declared a quarterly dividend of $0.91, representing an annualized yield of 2.0% and a payout ratio of 54.01%.
• Several analysts have raised their price targets for Marathon Petroleum, with estimates now ranging from $182.00 to $203.00, indicating a consensus rating of "Hold" on the stock.

Energy Income Partners LLC increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 87.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,506 shares of the oil and gas company's stock after purchasing an additional 5,352 shares during the period. Energy Income Partners LLC's holdings in Marathon Petroleum were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in Marathon Petroleum by 1,546.2% in the 1st 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 during the last quarter. Hughes Financial Services LLC acquired a new position in Marathon Petroleum in the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. raised its stake in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Insider Activity

In related news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares of the company's stock, valued at $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MPC shares. Wolfe Research downgraded shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Mizuho upped their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. TD Cowen decreased their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Barclays increased their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Piper Sandler upped their price objective on shares of Marathon Petroleum from $175.00 to $182.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $186.57.

Marathon Petroleum Trading Down 0.7%

NYSE MPC traded down $1.21 during mid-day trading on Wednesday, hitting $178.94. The company's stock had a trading volume of 1,751,294 shares, compared to its average volume of 1,758,215. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.50. The stock's fifty day simple moving average is $171.00 and its two-hundred day simple moving average is $155.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The firm has a market capitalization of $54.40 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97.

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

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum's dividend 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.