Stratos Wealth Partners LTD. Has $3.67 Million Stock Position in Marathon Petroleum Corporation $MPC

Key Points

• Stratos Wealth Partners LTD. increased its stake in Marathon Petroleum Corporation by 64.6%, now owning a stock position worth $3.67 million.
• Analysts have largely maintained a positive outlook, with target price increases, including Morgan Stanley's boost from $182 to $200 and Raymond James raising theirs from $199 to $203.
• Marathon Petroleum recently announced a quarterly dividend of $0.91, reflecting an annualized yield of 2.0% and a payout ratio of 54.01%.

Stratos Wealth Partners LTD. increased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 64.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,103 shares of the oil and gas company's stock after purchasing an additional 8,672 shares during the period. Stratos Wealth Partners LTD.'s holdings in Marathon Petroleum were worth $3,672,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after buying an additional 1,178 shares during the period. GAMMA Investing LLC grew its holdings in Marathon Petroleum by 3.4% during the first quarter. GAMMA Investing LLC now owns 10,577 shares of the oil and gas company's stock valued at $1,541,000 after purchasing an additional 351 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Marathon Petroleum by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,599 shares of the oil and gas company's stock valued at $16,113,000 after purchasing an additional 2,539 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Marathon Petroleum by 7.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 5,024 shares of the oil and gas company's stock valued at $734,000 after purchasing an additional 364 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Marathon Petroleum by 15.7% in the first quarter. CWA Asset Management Group LLC now owns 2,785 shares of the oil and gas company's stock worth $406,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Morgan Stanley boosted their target price on Marathon Petroleum from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. Raymond James Financial restated an "outperform" rating and issued a $203.00 price target (up from $199.00) on shares of Marathon Petroleum in a report on Friday. Mizuho lifted their price objective on Marathon Petroleum from $184.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $200.31.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $184.14 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The firm has a market cap of $55.98 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.88 and a beta of 0.90. The stock's 50-day moving average is $180.61 and its 200-day moving average is $164.88. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $201.61.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. The business had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.Marathon Petroleum's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the company earned $4.12 earnings per share. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum's payout ratio is currently 54.01%.

Insider Buying and Selling

In related news, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares of the company's stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

About Marathon Petroleum

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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