MorganRosel Wealth Management LLC Acquires 4,768 Shares of Marathon Petroleum Co. (NYSE:MPC)

MorganRosel Wealth Management LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 202.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,126 shares of the oil and gas company’s stock after buying an additional 4,768 shares during the period. MorganRosel Wealth Management LLC’s holdings in Marathon Petroleum were worth $1,436,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. raised its position in shares of Marathon Petroleum by 0.9% in the 1st quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after acquiring an additional 55 shares during the period. Guidance Capital Inc. increased its stake in Marathon Petroleum by 1.1% in the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after purchasing an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Marathon Petroleum by 27.3% in the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 59 shares during the period. First Financial Corp IN boosted its position in shares of Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares in the last quarter. Finally, Marino Stram & Associates LLC grew its holdings in shares of Marathon Petroleum by 0.5% in the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after buying an additional 60 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.3 %

MPC stock opened at $174.04 on Monday. The stock’s 50 day moving average is $178.71 and its 200-day moving average is $175.96. Marathon Petroleum Co. has a twelve month low of $112.82 and a twelve month high of $221.11. The firm has a market capitalization of $61.32 billion, a PE ratio of 8.67, a P/E/G ratio of 1.62 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.25. The firm had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.07 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.09 EPS. Sell-side analysts expect that Marathon Petroleum Co. will post 17.85 EPS for the current fiscal year.

Marathon Petroleum declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 30th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Thursday, May 16th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of 1.90%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Analysts Set New Price Targets

MPC has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Marathon Petroleum from $227.00 to $223.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Piper Sandler lowered their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Mizuho dropped their target price on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Raymond James lowered their price objective on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Finally, Barclays cut their price objective on shares of Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $192.08.

About Marathon Petroleum

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.