Marathon Petroleum Corporation (NYSE:MPC) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 10.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,002 shares of the oil and gas company's stock after purchasing an additional 2,322 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Marathon Petroleum were worth $3,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Greatmark Investment Partners Inc. raised its holdings in shares of Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after purchasing an additional 5,476 shares in the last quarter. TCTC Holdings LLC raised its holdings in shares of Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after purchasing an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $5,624,000. Good Steward Wealth Advisors LLC acquired a new stake in Marathon Petroleum during the 1st quarter worth $346,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $1,192,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MPC shares. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research note on Thursday. Scotiabank lifted their price target on shares of Marathon Petroleum from $147.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Friday. Mizuho lifted their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Barclays lifted their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Marathon Petroleum in a research note on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.38.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the sale, the director owned 18,944 shares of the company's stock, valued at approximately $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $2.45 during midday trading on Friday, hitting $179.81. The stock had a trading volume of 4,388,192 shares, compared to its average volume of 2,718,024. The company has a market capitalization of $55.24 billion, a PE ratio of 25.29, a P/E/G ratio of 3.58 and a beta of 0.88. The stock has a 50 day moving average price of $163.74 and a two-hundred day moving average price of $149.90. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.49.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 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.