U.S. Capital Wealth Advisors LLC Has $5 Million Position in Marathon Petroleum Co. (NYSE:MPC)

U.S. Capital Wealth Advisors LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,669 shares of the oil and gas company’s stock after buying an additional 77 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $4,995,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MPC. Bare Financial Services Inc bought a new position in Marathon Petroleum in the fourth quarter worth $32,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Marathon Petroleum by 56.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,040 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 2,551 shares in the last quarter. Summit Global Investments raised its position in Marathon Petroleum by 13.2% in the 4th quarter. Summit Global Investments now owns 2,036 shares of the oil and gas company’s stock valued at $302,000 after purchasing an additional 237 shares during the last quarter. Westover Capital Advisors LLC lifted its position in shares of Marathon Petroleum by 5.1% during the fourth quarter. Westover Capital Advisors LLC now owns 3,259 shares of the oil and gas company’s stock worth $484,000 after purchasing an additional 159 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Marathon Petroleum by 9.4% during the fourth quarter. Natixis Advisors L.P. now owns 220,848 shares of the oil and gas company’s stock valued at $32,765,000 after purchasing an additional 18,990 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of several research reports. Citigroup started coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating on the stock. Raymond James boosted their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. TD Cowen increased their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Piper Sandler increased their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.62.

Marathon Petroleum Stock Down 0.2 %

Shares of NYSE:MPC traded down $0.40 during mid-day trading on Friday, reaching $182.55. 1,868,555 shares of the stock were exchanged, compared to its average volume of 2,394,157. The company has a market cap of $64.32 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.53 and a beta of 1.55. The stock’s 50 day simple moving average is $194.18 and its 200-day simple moving average is $168.09. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The business had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. During the same quarter in the previous year, the firm posted $6.09 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Marathon Petroleum Co. will post 19.96 EPS for the current year.

Marathon Petroleum announced that its board has authorized a share repurchase plan on Tuesday, April 30th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.81%. Marathon Petroleum’s payout ratio is presently 16.48%.

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.