GW Henssler & Associates Ltd. Has $2.15 Million Stock Position in Marathon Petroleum Corporation $MPC

GW Henssler & Associates Ltd. decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,969 shares of the oil and gas company’s stock after selling 68 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Marathon Petroleum were worth $2,154,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its position in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $32,000. Decker Retirement Planning Inc. boosted its stake in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MPC. TD Cowen reduced their target price on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley lifted their target price on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Piper Sandler lifted their target price on Marathon Petroleum from $184.00 to $222.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Bank of America lifted their target price on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Wolfe Research downgraded Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.92.

Marathon Petroleum Stock Performance

MPC opened at $181.08 on Friday. The business has a fifty day simple moving average of $178.73 and a 200 day simple moving average of $163.60. The company has a market capitalization of $55.05 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.90. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. The business had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.0%. Marathon Petroleum’s payout ratio is 54.01%.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

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.