Capital Investment Advisors LLC Purchases 440 Shares of Marathon Petroleum Co. (NYSE:MPC)

Capital Investment Advisors LLC lifted its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.5% during the first quarter, Holdings Channel reports. The firm owned 7,236 shares of the oil and gas company’s stock after acquiring an additional 440 shares during the period. Capital Investment Advisors LLC’s holdings in Marathon Petroleum were worth $1,054,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MPC. Brighton Jones LLC lifted its position in shares of Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares in the last quarter. Financial Advocates Investment Management lifted its position in shares of Marathon Petroleum by 4.5% during the fourth quarter. Financial Advocates Investment Management now owns 2,560 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 110 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $86,000. Entropy Technologies LP bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $2,122,000. Finally, AlphaStar Capital Management LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth about $201,000. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research analyst reports. Raymond James decreased their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Mizuho raised 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. Finally, Barclays raised their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.29.

Marathon Petroleum Price Performance

MPC opened at $160.25 on Tuesday. The company has a market capitalization of $49.23 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.11 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $144.11 and a 200-day moving average price of $146.08. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $2.58 earnings per share. Equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.27%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

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.