Wealthcare Advisory Partners LLC Has $901,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Wealthcare Advisory Partners LLC boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 57.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,183 shares of the oil and gas company's stock after purchasing an additional 2,252 shares during the period. Wealthcare Advisory Partners LLC's holdings in Marathon Petroleum were worth $901,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Marathon Petroleum by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company's stock worth $670,151,000 after acquiring an additional 315,786 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Marathon Petroleum by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock valued at $613,624,000 after purchasing an additional 452,043 shares during the period. Demars Financial Group LLC lifted its stake in Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after acquiring an additional 4,151,722 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Marathon Petroleum by 14.0% in the fourth quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock worth $549,260,000 after purchasing an additional 484,438 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. TD Cowen upped their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company boosted their price target on Marathon Petroleum from $180.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Raymond James reduced their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $176.21.

Marathon Petroleum Trading Up 0.6%

NYSE MPC traded up $0.92 on Friday, hitting $165.99. The company's stock had a trading volume of 2,704,849 shares, compared to its average volume of 2,692,100. The firm has a market cap of $50.99 billion, a PE ratio of 16.72, a PEG ratio of 3.11 and a beta of 0.89. The company's 50-day moving average is $146.54 and its 200 day moving average is $146.38. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results 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 business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. As a group, analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 2.19%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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.