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Marathon Petroleum Corporation (NYSE:MPC) Shares Bought by Peterson Wealth Services

Marathon Petroleum logo with Energy background

Peterson Wealth Services grew its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,975 shares of the oil and gas company's stock after buying an additional 1,458 shares during the quarter. Peterson Wealth Services' holdings in Marathon Petroleum were worth $2,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mader & Shannon Wealth Management Inc. increased its position in shares of Marathon Petroleum by 7.1% during the first quarter. Mader & Shannon Wealth Management Inc. now owns 16,487 shares of the oil and gas company's stock worth $2,402,000 after buying an additional 1,090 shares during the period. Los Angeles Capital Management LLC grew its holdings in Marathon Petroleum by 1,700.3% in the first quarter. Los Angeles Capital Management LLC now owns 33,954 shares of the oil and gas company's stock worth $4,947,000 after purchasing an additional 32,068 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of Marathon Petroleum by 233.1% in the first quarter. J.W. Cole Advisors Inc. now owns 9,845 shares of the oil and gas company's stock valued at $1,434,000 after buying an additional 6,889 shares in the last quarter. BKM Wealth Management LLC lifted its stake in shares of Marathon Petroleum by 4.6% in the first quarter. BKM Wealth Management LLC now owns 6,775 shares of the oil and gas company's stock valued at $987,000 after buying an additional 300 shares in the last quarter. Finally, OneAscent Financial Services LLC lifted its stake in shares of Marathon Petroleum by 66.6% in the first quarter. OneAscent Financial Services LLC now owns 4,393 shares of the oil and gas company's stock valued at $641,000 after buying an additional 1,756 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 3.5%

Shares of MPC stock traded down $6.30 during mid-day trading on Thursday, hitting $171.24. 1,121,265 shares of the stock traded hands, compared to its average volume of 2,752,429. The stock has a market cap of $52.61 billion, a P/E ratio of 24.08, a P/E/G ratio of 3.39 and a beta of 0.88. The stock's fifty day moving average is $167.38 and its two-hundred day moving average is $151.93. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the firm posted $2.58 EPS. The business's revenue was down 4.1% 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 announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's payout ratio is 51.20%.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 7,392 shares of the company'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 completion of the sale, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MPC shares. Piper Sandler raised their price target on shares of Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research report on Tuesday. Raymond James Financial reissued an "outperform" rating and set a $200.00 price target (up from $180.00) on shares of Marathon Petroleum in a research report on Tuesday, July 15th. Evercore ISI started coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target on the stock. Wolfe Research lowered shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, UBS Group raised their price target on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $183.93.

Read Our Latest Stock Analysis on MPC

Marathon Petroleum Company 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.

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

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