One Wealth Advisors LLC Invests $452,000 in Marathon Petroleum Corporation $MPC

One Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, Holdings Channel.com reports. The fund bought 1,766 shares of the oil and gas company’s stock, valued at approximately $452,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Main Street Group LTD purchased a new stake in Marathon Petroleum in the 1st quarter valued at about $35,000. Cedar Mountain Advisors LLC bought a new position in Marathon Petroleum in the 1st quarter worth about $40,000. Navalign LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $31,000. Finally, WFA of San Diego LLC bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank increased their price objective on Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company lifted their target price on Marathon Petroleum from $344.00 to $359.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $335.00 target price on Marathon Petroleum and gave the stock a “buy” rating in a report on Sunday, July 12th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Finally, Morgan Stanley raised their price target on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.50.

Marathon Petroleum Price Performance

NYSE MPC opened at $355.61 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The firm’s 50 day moving average price is $287.31 and its 200-day moving average price is $247.66. Marathon Petroleum Corporation has a 52-week low of $160.87 and a 52-week high of $360.10. The company has a market cap of $103.82 billion, a PE ratio of 12.22, a P/E/G ratio of 0.23 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. Marathon Petroleum’s revenue was up 53.5% compared to the same quarter last year. During the same period last year, the company posted $3.96 earnings per share. Sell-side analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Insider Activity at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Company Profile

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.