Kingswood Wealth Advisors LLC Purchases 8,594 Shares of Marathon Petroleum Corporation $MPC

Kingswood Wealth Advisors LLC increased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 192.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,067 shares of the oil and gas company’s stock after purchasing an additional 8,594 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $2,125,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Associated Banc Corp increased its stake in shares of Marathon Petroleum by 2.1% in the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 52 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Marathon Petroleum by 0.6% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company’s stock valued at $1,673,000 after acquiring an additional 57 shares in the last quarter. Legacy Bridge LLC increased its stake in shares of Marathon Petroleum by 12.5% in the 4th quarter. Legacy Bridge LLC now owns 523 shares of the oil and gas company’s stock valued at $85,000 after acquiring an additional 58 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Marathon Petroleum by 2.6% in the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after acquiring an additional 59 shares in the last quarter. Finally, CI Investments Inc. increased its stake in shares of Marathon Petroleum by 1.8% in the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock valued at $643,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $222.09 on Thursday. The firm has a market capitalization of $65.40 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 0.37 and a beta of 0.58. The firm has a fifty day simple moving average of $222.11 and a two-hundred day simple moving average of $197.58. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. Marathon Petroleum Corporation has a 12 month low of $132.00 and a 12 month high of $255.77.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. Marathon Petroleum’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. Analysts forecast that Marathon Petroleum Corporation will post 23.42 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, February 18th. Marathon Petroleum’s payout ratio is 29.96%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Scotiabank lifted their price objective on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Barclays lifted their price objective on shares of Marathon Petroleum from $194.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Marathon Petroleum from $184.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, Mizuho lifted their price objective on shares of Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $239.75.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares in the company, valued at approximately $1,717,054.50. The trade was a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 4,473 shares of company stock worth $1,015,428. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.