Fiduciary Family Office LLC Buys New Shares in Marathon Petroleum Corporation $MPC

Fiduciary Family Office LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,907 shares of the oil and gas company's stock, valued at approximately $317,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. Activest Wealth Management grew its holdings in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 119 shares during the last quarter. CBIZ Investment Advisory Services LLC grew 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 worth $31,000 after acquiring an additional 201 shares during the last quarter. Hughes Financial Services LLC bought a new stake in Marathon Petroleum in the 1st quarter worth $32,000. WPG Advisers LLC bought a new stake in Marathon Petroleum in the 1st quarter worth $32,000. Finally, Decker Retirement Planning Inc. grew its holdings in 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 worth $35,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum 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 transaction, the insider directly owned 28,700 shares of the company's stock, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Wolfe Research lowered shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Morgan Stanley raised their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Piper Sandler raised their target price on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Finally, TD Cowen dropped their target price on shares of Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $200.31.

Marathon Petroleum Trading Down 1.8%

NYSE:MPC opened at $182.90 on Wednesday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61. The stock has a market cap of $55.60 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.90 and a beta of 0.90. The company has a 50-day moving average price of $181.64 and a 200-day moving average price of $165.71. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results 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. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. During the same period last year, the company posted $4.12 EPS. Marathon Petroleum's revenue was down 11.1% on a year-over-year basis. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum's dividend payout ratio (DPR) is 54.01%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.