Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,039 shares of the oil and gas company’s stock after buying an additional 364 shares during the period. HBW Advisory Services LLC’s holdings in Marathon Petroleum were worth $495,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. FinTrust Capital Advisors LLC grew its stake in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Marathon Petroleum in the first quarter worth about $29,000. Vima LLC bought a new position in Marathon Petroleum during the 4th quarter valued at $30,000. TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum in the second quarter valued at $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in Marathon Petroleum during the second quarter valued at about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPC shares. Mizuho decreased their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Wells Fargo & Company dropped their price objective on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Finally, Scotiabank dropped their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $196.14.

Marathon Petroleum Price Performance

Shares of MPC stock traded down $2.86 during trading hours on Friday, reaching $171.98. 2,241,691 shares of the company were exchanged, compared to its average volume of 2,697,056. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 2.59 and a beta of 1.37. The stock’s fifty day moving average is $169.69 and its two-hundred day moving average is $178.52. Marathon Petroleum Co. has a fifty-two week low of $139.93 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $5.32 EPS. Sell-side analysts forecast that Marathon Petroleum Co. will post 10.56 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is 16.48%.

Marathon Petroleum 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.