Wealthcare Advisory Partners LLC Buys 699 Shares of Marathon Petroleum Corporation $MPC

Wealthcare Advisory Partners LLC increased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 11.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,882 shares of the oil and gas company’s stock after acquiring an additional 699 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Marathon Petroleum were worth $1,143,000 at the end of the most recent reporting period.

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

Marathon Petroleum Price Performance

MPC opened at $191.37 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The company has a market capitalization of $58.18 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 3.25 and a beta of 0.90. The firm’s fifty day moving average price is $177.71 and its two-hundred day moving average price is $162.83. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. The firm had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.12 EPS. As a group, analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued 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 payout ratio is 54.01%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Bank of America boosted their price target on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $195.00 to $199.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Mizuho boosted their price target on shares of Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus target price of $196.29.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction dated 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. The trade was a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.