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Kestra Private Wealth Services LLC Purchases 2,457 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Marathon Petroleum logo with Energy background

Kestra Private Wealth Services LLC grew its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 15.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,421 shares of the oil and gas company's stock after acquiring an additional 2,457 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Marathon Petroleum were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MPC. Fourth Dimension Wealth LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth about $26,000. Hughes Financial Services LLC bought a new position in Marathon Petroleum during the first quarter worth about $32,000. Decker Retirement Planning Inc. lifted its stake in Marathon Petroleum by 1,621.4% during 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 period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $35,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $52,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 0.1%

NYSE:MPC traded up $0.24 on Friday, hitting $171.55. 281,932 shares of the stock were exchanged, compared to its average volume of 2,746,503. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.31 and a beta of 0.88. The company's 50-day moving average price is $167.50 and its 200 day moving average price is $152.15. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 2.12%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Wall Street Analyst Weigh In

MPC has been the subject of a number of analyst reports. Citigroup lifted their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Evercore ISI started coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Wolfe Research cut shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Piper Sandler lifted their price objective on Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $183.93.

Read Our Latest Report on Marathon Petroleum

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares of the company's stock, valued at $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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