Wealth Enhancement Advisory Services LLC Purchases 2,539 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,599 shares of the oil and gas company's stock after buying an additional 2,539 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Marathon Petroleum were worth $16,113,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jackson Square Capital LLC purchased a new position in Marathon Petroleum in the first quarter worth about $238,000. Elevation Point Wealth Partners LLC lifted its stake in shares of Marathon Petroleum by 12.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 5,578 shares of the oil and gas company's stock worth $813,000 after purchasing an additional 626 shares during the period. Everhart Financial Group Inc. boosted its stake in shares of Marathon Petroleum by 17.7% during the 1st quarter. Everhart Financial Group Inc. now owns 5,179 shares of the oil and gas company's stock worth $755,000 after acquiring an additional 777 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Marathon Petroleum by 1.3% during the first quarter. NorthCrest Asset Manangement LLC now owns 32,627 shares of the oil and gas company's stock valued at $4,753,000 after purchasing an additional 425 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Marathon Petroleum during the 1st quarter valued at approximately $132,000. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MPC. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler cut their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Mizuho increased their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Raymond James Financial reduced their target price on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum Stock Up 0.9%

Shares of MPC opened at $168.93 on Monday. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.34 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. The stock's 50-day moving average price is $151.77 and its 200-day moving average price is $146.81. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly 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 firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. Marathon Petroleum's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 EPS. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's 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.

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