Sowell Financial Services LLC Takes $1.52 Million Position in Marathon Petroleum Corporation (NYSE:MPC)

Sowell Financial Services LLC acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,439 shares of the oil and gas company's stock, valued at approximately $1,521,000.

Other hedge funds also recently bought and sold shares of the company. Northstar Group Inc. bought a new position in Marathon Petroleum in the first quarter worth $221,000. Brown Miller Wealth Management LLC bought a new position in shares of Marathon Petroleum during the 1st quarter worth about $382,000. Brighton Jones LLC boosted its holdings in Marathon Petroleum by 21.8% during the first quarter. Brighton Jones LLC now owns 6,076 shares of the oil and gas company's stock valued at $885,000 after purchasing an additional 1,088 shares in the last quarter. Southland Equity Partners LLC grew its position in Marathon Petroleum by 6.2% in the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock valued at $226,000 after acquiring an additional 90 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Marathon Petroleum by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 110,599 shares of the oil and gas company's stock worth $16,113,000 after purchasing an additional 2,539 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. TD Cowen raised their price target on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Morgan Stanley decreased their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $175.80.

Marathon Petroleum Stock Down 1.6%

Shares of MPC traded down $2.71 during midday trading on Thursday, hitting $167.37. The stock had a trading volume of 2,593,637 shares, compared to its average volume of 2,693,062. The firm has a market cap of $51.42 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 3.30 and a beta of 0.89. The company has a 50 day simple moving average of $149.94 and a two-hundred day simple moving average of $146.70. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month 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 posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business 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%. Marathon Petroleum's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. On average, analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Marathon Petroleum Company 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.