Krilogy Financial LLC Makes New $640,000 Investment in Marathon Petroleum Corporation $MPC

Krilogy Financial LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,437 shares of the oil and gas company’s stock, valued at approximately $640,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in Marathon Petroleum in the second quarter valued at $25,000. Activest Wealth Management lifted its holdings in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares during the period. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the second quarter worth $33,000. Finally, Transce3nd LLC increased its stake in shares of Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 2.7%

MPC stock opened at $203.33 on Friday. The firm’s 50-day simple moving average is $178.84 and its 200 day simple moving average is $182.13. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The stock has a market cap of $61.12 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $210.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.34. The business had revenue of $35.10 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s payout ratio is currently 29.96%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MPC shares. Raymond James Financial upped their target price on shares of Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Jefferies Financial Group lowered their price target on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, January 26th. BMO Capital Markets boosted their price target on Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Piper Sandler dropped their target price on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.19.

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.