WealthShield Partners LLC Acquires 640 Shares of Marathon Petroleum Corporation $MPC

WealthShield Partners LLC increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,695 shares of the oil and gas company’s stock after buying an additional 640 shares during the period. WealthShield Partners LLC’s holdings in Marathon Petroleum were worth $1,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPC. Activest Wealth Management raised its position in shares of Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. NewSquare Capital LLC increased its holdings in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 201 shares during the period. WPG Advisers LLC bought a new position in Marathon Petroleum during the first quarter worth about $32,000. Finally, Stone House Investment Management LLC grew its position in shares of Marathon Petroleum by 46.1% during the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after buying an additional 71 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Price Performance

MPC stock opened at $199.91 on Friday. The stock has a 50-day moving average price of $189.65 and a two-hundred day moving average price of $174.27. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.30. The stock has a market cap of $60.09 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.88 and a beta of 0.90. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The company had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 38.81%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MPC shares. Bank of America lifted their price objective on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Morgan Stanley lifted their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. TD Cowen decreased their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Finally, Piper Sandler increased their price target on Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $201.57.

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.