Marathon Petroleum Corporation (NYSE:MPC) Holdings Raised by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC raised its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 105.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,582 shares of the oil and gas company's stock after buying an additional 4,396 shares during the quarter. Journey Strategic Wealth LLC's holdings in Marathon Petroleum were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in MPC. Cambridge Financial Group Inc. bought a new stake in Marathon Petroleum in the fourth quarter worth $5,624,000. Good Steward Wealth Advisors LLC purchased a new stake in Marathon Petroleum in the 1st quarter worth approximately $346,000. New Age Alpha Advisors LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $1,192,000. Silver Oak Securities Incorporated purchased a new stake in Marathon Petroleum in the 1st quarter worth $339,000. Finally, Financial Partners Group LLC increased its holdings in Marathon Petroleum by 65.8% in the 1st quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company's stock worth $574,000 after acquiring an additional 1,563 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 1.2%

MPC traded up $2.03 on Monday, reaching $173.60. The company's stock had a trading volume of 311,130 shares, compared to its average volume of 2,736,526. The stock has a 50 day moving average of $167.65 and a two-hundred day moving average of $152.49. 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 company has a market capitalization of $53.33 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 2.93 and a beta of 0.88. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm 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 company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. As a group, analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 annualized dividend and a yield of 2.10%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the firm'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 sale, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MPC shares. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Morgan Stanley raised their price objective on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. TD Cowen upped their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, UBS Group upped their price objective on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $183.93.

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.