Southland Equity Partners LLC Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

Southland Equity Partners LLC lifted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,549 shares of the oil and gas company’s stock after buying an additional 90 shares during the period. Southland Equity Partners LLC’s holdings in Marathon Petroleum were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MPC. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at about $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum in the 4th quarter valued at about $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $165.99 on Friday. The firm has a market cap of $50.99 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $147.49 and its two-hundred day moving average is $146.44.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.58 EPS. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio is presently 51.20%.

Analyst Ratings Changes

Several research firms have weighed in on MPC. Barclays boosted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Mizuho boosted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley decreased their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Piper Sandler decreased their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.21.

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.