TrueMark Investments LLC Acquires New Holdings in Marathon Petroleum Corporation (NYSE:MPC)

TrueMark Investments LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,704 shares of the oil and gas company's stock, valued at approximately $248,000.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. Sigma Planning Corp boosted its holdings in Marathon Petroleum by 12.0% in the fourth quarter. Sigma Planning Corp now owns 11,486 shares of the oil and gas company's stock valued at $1,602,000 after acquiring an additional 1,227 shares during the last quarter. Wealthspire Advisors LLC increased its position in Marathon Petroleum by 5.2% during the 4th quarter. Wealthspire Advisors LLC now owns 6,938 shares of the oil and gas company's stock valued at $968,000 after purchasing an additional 344 shares during the period. IFP Advisors Inc raised its holdings in Marathon Petroleum by 3.8% during the 4th quarter. IFP Advisors Inc now owns 5,021 shares of the oil and gas company's stock worth $700,000 after purchasing an additional 186 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Marathon Petroleum by 152.5% in the 4th quarter. Rothschild Investment LLC now owns 17,032 shares of the oil and gas company's stock worth $2,376,000 after purchasing an additional 10,286 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of NYSE MPC traded down $1.26 during mid-day trading on Tuesday, reaching $165.35. 2,863,124 shares of the company's stock were exchanged, compared to its average volume of 2,692,816. The firm has a 50-day moving average price of $153.47 and a two-hundred day moving average price of $147.05. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The firm has a market capitalization of $50.80 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 3.29 and a beta of 0.89. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 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 (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the business posted $2.58 EPS. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. Analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.20%. Marathon Petroleum's payout ratio is 51.20%.

Analyst Ratings Changes

Several equities research analysts recently commented on MPC shares. 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 note on Thursday, April 24th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Raymond James Financial decreased their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI began coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target on the stock. Finally, Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.80.

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.