Unique Wealth Strategies LLC Acquires New Stake in Marathon Petroleum Co. (NYSE:MPC)

Unique Wealth Strategies LLC acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,382 shares of the oil and gas company’s stock, valued at approximately $650,000.

Other institutional investors have also bought and sold shares of the company. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $109,099,000. Acadian Asset Management LLC raised its position in shares of Marathon Petroleum by 127.0% during the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after buying an additional 689,576 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Marathon Petroleum by 256.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock valued at $131,235,000 after acquiring an additional 636,281 shares during the last quarter. International Assets Investment Management LLC grew its position in Marathon Petroleum by 248.1% in the fourth quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock worth $90,335,000 after acquiring an additional 433,977 shares during the period. Finally, Korea Investment CORP increased its stake in Marathon Petroleum by 61.9% during the third quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock worth $100,227,000 after acquiring an additional 253,321 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MPC. Raymond James raised their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Mizuho boosted their price target on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating for the company. Piper Sandler boosted their target price on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, The Goldman Sachs Group raised their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.77.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Down 0.6 %

NYSE:MPC traded down $1.12 during mid-day trading on Friday, hitting $198.39. The stock had a trading volume of 1,954,070 shares, compared to its average volume of 2,218,313. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a market capitalization of $71.49 billion, a PE ratio of 8.43, a PEG ratio of 1.61 and a beta of 1.52. The stock has a 50-day simple moving average of $192.39 and a two-hundred day simple moving average of $166.94.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same period last year, the firm earned $6.65 earnings per share. Marathon Petroleum’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

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.