Integrated Wealth Concepts LLC Grows Holdings in Marathon Petroleum Co. (NYSE:MPC)

Integrated Wealth Concepts LLC increased its stake in Marathon Petroleum Co. (NYSE:MPC) by 70.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,604 shares of the oil and gas company’s stock after acquiring an additional 6,423 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Marathon Petroleum were worth $2,177,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $31,000. Cape Investment Advisory Inc. increased its holdings 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 acquiring an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $44,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 0.0 %

MPC stock opened at $137.60 on Monday. The firm’s 50-day moving average is $138.67 and its two-hundred day moving average is $146.12. 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 $42.87 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $201.36.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday. Raymond James dropped their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Barclays cut their price target on Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.21.

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.