Valeo Financial Advisors LLC Acquires 516 Shares of Marathon Petroleum Corporation $MPC

Valeo Financial Advisors LLC boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 6.3% during the second quarter, Holdings Channel.com reports. The fund owned 8,692 shares of the oil and gas company’s stock after buying an additional 516 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Marathon Petroleum were worth $1,444,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Good Steward Wealth Advisors LLC bought a new position in Marathon Petroleum in the 1st quarter worth about $346,000. Silver Oak Securities Incorporated bought a new position in Marathon Petroleum in the 1st quarter worth about $339,000. Financial Partners Group LLC increased its stake in Marathon Petroleum by 65.8% in the 1st quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company’s stock worth $574,000 after acquiring an additional 1,563 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Marathon Petroleum by 8.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company’s stock valued at $6,467,000 after purchasing an additional 3,291 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of Marathon Petroleum by 128.0% during the 1st quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after purchasing an additional 4,863 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction that occurred 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 owned 28,700 shares in the company, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Marathon Petroleum Trading Down 1.1%

Shares of MPC stock opened at $191.37 on Wednesday. The stock has a market capitalization of $58.18 billion, a PE ratio of 28.39, a P/E/G ratio of 3.25 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 business has a 50-day moving average of $177.71 and a 200 day moving average of $162.83. 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 issued its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion during the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.Marathon Petroleum’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.12 EPS. As a group, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share 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 issued a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.9%. Marathon Petroleum’s dividend payout ratio (DPR) is 54.01%.

Analyst Ratings Changes

Several brokerages have recently commented on MPC. Piper Sandler increased their price objective on Marathon Petroleum from $184.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Morgan Stanley increased their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, July 11th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Finally, UBS Group increased their price objective on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $196.29.

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.