1,297 Shares in Marathon Petroleum Corporation $MPC Purchased by TFG Advisers LLC

TFG Advisers LLC acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,297 shares of the oil and gas company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently bought and sold shares of MPC. Brighton Jones LLC boosted its holdings in Marathon Petroleum by 30.9% in the 4th 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 during the period. NBC Securities Inc. boosted its holdings in Marathon Petroleum by 47,033.3% in the 1st quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company’s stock valued at $206,000 after purchasing an additional 1,411 shares during the period. Merit Financial Group LLC boosted its holdings in Marathon Petroleum by 20.2% in the 1st quarter. Merit Financial Group LLC now owns 9,543 shares of the oil and gas company’s stock valued at $1,390,000 after purchasing an additional 1,607 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Marathon Petroleum by 3.6% during the 1st quarter. Fulton Bank N.A. now owns 9,619 shares of the oil and gas company’s stock worth $1,401,000 after acquiring an additional 331 shares during the period. Finally, Smith Anglin Financial LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $210,000. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Down 0.2%

Shares of NYSE MPC opened at $192.40 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61. The firm has a 50 day moving average price of $176.17 and a two-hundred day moving average price of $161.52. The stock has a market cap of $58.49 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion during the quarter, compared to analysts’ expectations of $31.70 billion. During the same period in the prior year, the company posted $4.12 earnings per share. Marathon Petroleum’s revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

Analysts Set New Price Targets

MPC has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Piper Sandler upped their price target on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Morgan Stanley upped their price target on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Citigroup upped their price target on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.