Marathon Petroleum Corporation $MPC Stock Position Lifted by Western Wealth Management LLC

Western Wealth Management LLC grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 24.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,731 shares of the oil and gas company’s stock after buying an additional 538 shares during the quarter. Western Wealth Management LLC’s holdings in Marathon Petroleum were worth $454,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Activest Wealth Management grew its position in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth about $32,000. NewSquare Capital LLC lifted its stake in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Stone House Investment Management LLC boosted its holdings in shares of Marathon Petroleum by 46.1% in the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 71 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.8%

NYSE:MPC opened at $199.44 on Wednesday. The stock has a fifty day simple moving average of $190.28 and a 200 day simple moving average of $175.35. The firm has a market capitalization of $59.95 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 3.74 and a beta of 0.90. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.29. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 38.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MPC shares. Mizuho increased their price target on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Bank of America upped their price objective on Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Wells Fargo & Company cut their price target on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Raymond James Financial set a $200.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $202.14.

Marathon Petroleum Company 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.