Venture Visionary Partners LLC Has $6.41 Million Position in Marathon Petroleum Corporation $MPC

Venture Visionary Partners LLC cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 9.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,229 shares of the oil and gas company’s stock after selling 3,342 shares during the period. Venture Visionary Partners LLC’s holdings in Marathon Petroleum were worth $6,405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MPC. Delos Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum in the second quarter worth $25,000. Activest Wealth Management grew its stake in shares of 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 acquired a new position in Marathon Petroleum in the first quarter worth approximately $32,000. NewSquare Capital LLC lifted its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MPC shares. Piper Sandler upped their price objective on shares of Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Raymond James Financial upped their price target on Marathon Petroleum from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Tuesday, December 9th. Mizuho set a $196.00 target price on Marathon Petroleum in a report on Friday. Finally, Wall Street Zen raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and an average target price of $203.79.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $185.37 on Tuesday. The business has a 50 day simple moving average of $190.89 and a 200 day simple moving average of $179.81. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.29. The company has a market capitalization of $55.72 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. On average, sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is presently 42.64%.

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.