45,451 Shares in Marathon Petroleum Corporation $MPC Purchased by Tulsa Wealth Advisors INC

Tulsa Wealth Advisors INC purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,451 shares of the oil and gas company’s stock, valued at approximately $7,392,000. Marathon Petroleum accounts for approximately 2.5% of Tulsa Wealth Advisors INC’s investment portfolio, making the stock its 11th largest holding.

Several other large investors also recently modified their holdings of MPC. Creative Financial Designs Inc. ADV raised its holdings in shares of Marathon Petroleum by 2.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock worth $333,000 after buying an additional 51 shares in the last quarter. IFG Advisory LLC grew its position in Marathon Petroleum by 1.5% in the fourth quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock valued at $558,000 after acquiring an additional 51 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in Marathon Petroleum by 1.2% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 4,357 shares of the oil and gas company’s stock valued at $709,000 after acquiring an additional 52 shares during the period. Auxano Advisors LLC raised its stake in Marathon Petroleum by 2.1% during the fourth quarter. Auxano Advisors LLC now owns 2,630 shares of the oil and gas company’s stock worth $428,000 after acquiring an additional 55 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in shares of Marathon Petroleum by 4.7% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 1,253 shares of the oil and gas company’s stock valued at $204,000 after acquiring an additional 56 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $243.11 on Friday. The business’s fifty day moving average is $245.18 and its two-hundred day moving average is $214.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The firm has a market cap of $70.97 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.37 and a beta of 0.52. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $272.46.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same period last year, the company posted ($0.24) earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum Corporation will post 31.35 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Analyst Ratings Changes

Several brokerages have recently commented on MPC. Morgan Stanley boosted their target price on shares of Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Jefferies Financial Group increased their target price on shares of Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Wells Fargo & Company reissued an “overweight” rating and set a $344.00 price target on shares of Marathon Petroleum in a report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Finally, Citigroup upped their price objective on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $272.94.

Insiders Place Their Bets

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.