3,930 Shares in Marathon Petroleum Corporation $MPC Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. acquired a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,930 shares of the oil and gas company’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MPC. Harvest Fund Management Co. Ltd lifted its stake in Marathon Petroleum by 88.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 5,533 shares of the oil and gas company’s stock worth $900,000 after purchasing an additional 2,590 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in Marathon Petroleum by 6.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 9,644 shares of the oil and gas company’s stock worth $1,552,000 after purchasing an additional 565 shares in the last quarter. Prudential PLC lifted its stake in Marathon Petroleum by 1,204.0% in the 4th quarter. Prudential PLC now owns 69,398 shares of the oil and gas company’s stock worth $11,286,000 after purchasing an additional 64,076 shares in the last quarter. Convergence Financial LLC lifted its stake in Marathon Petroleum by 3.2% in the 4th quarter. Convergence Financial LLC now owns 6,597 shares of the oil and gas company’s stock worth $1,073,000 after purchasing an additional 203 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in Marathon Petroleum by 32.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,954 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 975 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum has been outperforming other oil refiners, and analysts remain moderately optimistic about its outlook, which suggests investors still see upside in the stock. How Is Marathon Petroleum’s Stock Performance Compared to Other Oil Refiner Stocks?
• Positive Sentiment: Recent commentary says MPC has gained about 8.7% since its last earnings report, reflecting continued momentum after a strong quarterly beat and better-than-expected revenue. Why Is Marathon Petroleum (MPC) Up 8.7% Since Last Earnings Report?
• Positive Sentiment: MPC was also named to the Zacks Rank #1 “Strong Buy” growth stocks list, which can attract momentum-focused investors. Best Growth Stocks to Buy for June 3rd
• Positive Sentiment: Marathon Petroleum’s West Coast refining assets could become a bigger earnings driver if California fuel supply remains tight, potentially improving refining margins. Can MPC’s West Coast Assets Become a Bigger Earnings Driver?
• Positive Sentiment: The company’s top safety performance recognition at AFPM awards supports its operational reputation and may reinforce confidence in management execution. Marathon Petroleum’s Top Safety Performance Recognized at AFPM Safety Awards
• Neutral Sentiment: Several recent valuation-focused articles note that MPC has had a strong multi-month run, which keeps the stock in focus but does not by itself change the fundamental story. Marathon Petroleum (MPC) Valuation Check After Strong Multi?Month Share Price Gains

Analyst Upgrades and Downgrades

MPC has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Wednesday, May 6th. Mizuho increased their target price on shares of Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. increased their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their target price on shares of Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays raised their price objective on shares of Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $268.50.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $266.91 on Friday. The firm’s fifty day moving average price is $242.49 and its 200-day moving average price is $209.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The stock has a market cap of $77.92 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 0.43 and a beta of 0.52. Marathon Petroleum Corporation has a fifty-two week low of $155.93 and a fifty-two week high of $272.46.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) EPS. On average, equities research analysts expect that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider owned 10,188 shares in the company, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.