Belpointe Asset Management LLC Has $683,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Belpointe Asset Management LLC lifted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 16.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,894 shares of the oil and gas company’s stock after purchasing an additional 705 shares during the quarter. Belpointe Asset Management LLC’s holdings in Marathon Petroleum were worth $683,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum in the 4th quarter worth $28,000. Sierra Ocean LLC bought a new position in Marathon Petroleum during the 4th quarter worth about $31,000. Cape Investment Advisory Inc. raised its stake in shares of Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 267 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $44,000. 76.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Barclays lowered their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Monday. Scotiabank reduced their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.79.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $122.19 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $38.07 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $207.68. The stock has a 50 day moving average of $142.41 and a 200-day moving average of $148.26.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.98 earnings per share. As a group, equities research analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.98%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

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.