Marathon Petroleum Corporation $MPC is Peterson Wealth Services’ 7th Largest Position

Peterson Wealth Services raised its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 212.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,744 shares of the oil and gas company’s stock after acquiring an additional 41,327 shares during the quarter. Marathon Petroleum makes up approximately 2.7% of Peterson Wealth Services’ holdings, making the stock its 7th largest position. Peterson Wealth Services’ holdings in Marathon Petroleum were worth $11,708,000 at the end of the most recent reporting period.

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

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $176.75 on Tuesday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The stock has a market cap of $53.13 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74. The firm has a fifty day moving average price of $177.35 and a 200-day moving average price of $180.61.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The business had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s payout ratio is currently 42.64%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MPC. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. BMO Capital Markets decreased their target price on shares of Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Wall Street Zen cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. TD Cowen dropped their price objective on shares of Marathon Petroleum from $195.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $197.19.

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.