Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,060 shares of the oil and gas company's stock after buying an additional 21,947 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Marathon Petroleum were worth $15,074,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SWS Partners lifted its position in Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after purchasing an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in Marathon Petroleum by 3.5% during the fourth 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 during the period. TCTC Holdings LLC raised its holdings in Marathon Petroleum by 3.3% during 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 buying an additional 2,892 shares during the period. Cambridge Financial Group Inc. purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at $5,624,000. Finally, Principal Securities Inc. boosted its stake in shares of Marathon Petroleum by 10.3% during the 4th quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company's stock worth $774,000 after purchasing an additional 516 shares during the period. 76.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

MPC stock traded down $4.90 during midday trading on Wednesday, hitting $157.07. 2,578,272 shares of the stock traded hands, compared to its average volume of 2,706,003. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock's fifty day simple moving average is $143.35 and its 200-day simple moving average is $146.25. The firm has a market cap of $48.25 billion, a P/E ratio of 15.82, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period last year, the company earned $2.58 earnings per share. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.32%. Marathon Petroleum's payout ratio is 51.20%.

Wall Street Analysts Forecast Growth

MPC has been the subject of several recent analyst reports. Raymond James dropped 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. Morgan Stanley cut their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. TD Cowen boosted their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.29.

Marathon Petroleum 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.