Capital A Wealth Management LLC Makes New $52,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Capital A Wealth Management LLC purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 376 shares of the oil and gas company’s stock, valued at approximately $52,000.

Other hedge funds have also made changes to their positions in the company. SWS Partners lifted its holdings in shares of Marathon Petroleum by 19.0% in the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after purchasing an additional 2,806 shares in the last quarter. Greatmark Investment Partners Inc. raised its position in Marathon Petroleum by 3.5% during the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock valued at $22,483,000 after buying an additional 5,476 shares during the period. TCTC Holdings LLC lifted its stake in Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after acquiring an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in Marathon Petroleum during the 4th quarter worth about $5,624,000. Finally, Nilsine Partners LLC grew its stake in Marathon Petroleum by 5.6% during the 4th quarter. Nilsine Partners LLC now owns 32,683 shares of the oil and gas company’s stock valued at $4,559,000 after acquiring an additional 1,746 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

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

Marathon Petroleum Stock Performance

MPC opened at $159.18 on Tuesday. The stock has a 50-day moving average of $141.77 and a 200-day moving average of $145.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a market cap of $48.90 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter last year, the company posted $2.58 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.29%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Barclays increased their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Raymond James dropped their price target 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. Finally, Scotiabank reduced their price objective on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.29.

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.