1,384 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by Accel Wealth Management

Accel Wealth Management bought a new position in Marathon Petroleum Co. (NYSE:MPC) during the 1st quarter, Holdings Channel reports. The fund bought 1,384 shares of the oil and gas company’s stock, valued at approximately $202,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the period. Spire Wealth Management increased its holdings in shares of Marathon Petroleum by 103.6% during the 4th quarter. Spire Wealth Management now owns 2,455 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,249 shares during the period. Trust Point Inc. increased its holdings in shares of Marathon Petroleum by 8.7% during the 4th quarter. Trust Point Inc. now owns 5,060 shares of the oil and gas company’s stock worth $706,000 after purchasing an additional 405 shares during the period. Calamos Wealth Management LLC increased its holdings in shares of Marathon Petroleum by 2.2% during the 4th quarter. Calamos Wealth Management LLC now owns 4,185 shares of the oil and gas company’s stock worth $584,000 after purchasing an additional 89 shares during the period. Finally, Financial Advocates Investment Management increased its holdings in shares of Marathon Petroleum by 4.5% during the 4th quarter. Financial Advocates Investment Management now owns 2,560 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 110 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MPC. Wall Street Zen upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Mizuho boosted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Scotiabank lowered their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have given 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.29.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $157.07 on Thursday. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a 50 day moving average of $143.35 and a 200-day moving average of $146.25. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $48.25 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. Marathon Petroleum’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio is 51.20%.

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.