Integrity Alliance LLC. Invests $217,000 in Marathon Petroleum Corporation $MPC

Key Points

• Integrity Alliance LLC has made a new investment in Marathon Petroleum Corporation, purchasing 1,489 shares valued at approximately $217,000 in the 1st quarter.
• Bank of America raised its price target for Marathon Petroleum from $184.00 to $192.00, with a consensus rating of "Moderate Buy" and a price target of $189.36 among analysts.
• Marathon Petroleum has recently paid a quarterly dividend of $0.91 per share, reflecting an annualized dividend yield of 2.0%.

Integrity Alliance LLC. purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,489 shares of the oil and gas company's stock, valued at approximately $217,000.

Other institutional investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC increased its holdings 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 in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth $32,000. WPG Advisers LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth $32,000. Finally, 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 during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MPC shares. Bank of America boosted their price objective on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. TD Cowen reduced their price objective on shares of Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Citigroup boosted their price objective on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Wolfe Research cut shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Dbs Bank raised shares of Marathon Petroleum to a "moderate buy" rating in a research note on Monday, July 28th. 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $189.36.

Marathon Petroleum Price Performance

MPC stock opened at $180.18 on Monday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $186.28. The company's 50-day moving average is $172.81 and its 200-day moving average is $157.27. 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 stock has a market capitalization of $54.78 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97.

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

Marathon Petroleum Dividend Announcement

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

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred on 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 transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 18,944 shares of the company's stock, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

About Marathon Petroleum

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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