Cwm LLC Acquires 1,793 Shares of Marathon Petroleum Co. (NYSE:MPC)

Cwm LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 14.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,113 shares of the oil and gas company’s stock after acquiring an additional 1,793 shares during the period. Cwm LLC’s holdings in Marathon Petroleum were worth $2,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marino Stram & Associates LLC increased its holdings in Marathon Petroleum by 0.5% during the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after purchasing an additional 60 shares during the period. SteelPeak Wealth LLC increased its holdings in Marathon Petroleum by 0.3% during the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after purchasing an additional 67 shares during the period. Aaron Wealth Advisors LLC increased its holdings in Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 67 shares during the period. Empower Advisory Group LLC increased its holdings in Marathon Petroleum by 1.6% during the 3rd quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after purchasing an additional 72 shares during the period. Finally, Visionary Wealth Advisors increased its holdings in Marathon Petroleum by 4.0% during the 3rd quarter. Visionary Wealth Advisors now owns 1,965 shares of the oil and gas company’s stock worth $297,000 after purchasing an additional 76 shares during the period. 76.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $199.51 on Friday. The company has a market capitalization of $71.89 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.62 and a beta of 1.52. The business’s 50 day moving average is $191.83 and its two-hundred day moving average is $166.46. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. Marathon Petroleum’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.65 earnings per share. Analysts expect that Marathon Petroleum Co. will post 20.49 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.65%. Marathon Petroleum’s payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

Several research firms have commented on MPC. Citigroup began coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating on the stock. Barclays lifted their price target on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Bank of America lifted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Mizuho upped their target price on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Scotiabank upped their target price on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Marathon Petroleum Company 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.