2,116 Shares in Marathon Petroleum Corporation (NYSE:MPC) Acquired by Legacy Advisors LLC

Legacy Advisors LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,116 shares of the oil and gas company's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nixon Peabody Trust Co. raised its position in shares of Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock valued at $288,000 after acquiring an additional 68 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after purchasing an additional 69 shares during the period. Buckley Wealth Management LLC increased its holdings in Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock valued at $1,998,000 after purchasing an additional 75 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after buying an additional 76 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in Marathon Petroleum by 2.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company's stock worth $442,000 after buying an additional 78 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 1.0%

Shares of NYSE:MPC traded down $1.73 during midday trading on Friday, reaching $165.79. The company had a trading volume of 394,927 shares, compared to its average volume of 2,783,662. The business's 50 day moving average price is $155.11 and its 200 day moving average price is $147.28. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The stock has a market cap of $50.93 billion, a PE ratio of 23.33, a P/E/G ratio of 3.27 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. Research analysts forecast 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 Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.20%. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPC. Barclays increased their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Raymond James Financial cut their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Evercore ISI started coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price for the company. Finally, Scotiabank dropped their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.80.

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.