IVC Wealth Advisors LLC Has $426,000 Stock Holdings in Marathon Petroleum Corporation $MPC

IVC Wealth Advisors LLC decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,563 shares of the oil and gas company’s stock after selling 72 shares during the period. IVC Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Good Steward Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $346,000. Silver Oak Securities Incorporated acquired a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $339,000. Financial Partners Group LLC boosted its position in shares of Marathon Petroleum by 65.8% during 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 in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Marathon Petroleum by 8.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company’s stock valued at $6,467,000 after buying an additional 3,291 shares in the last quarter. Finally, Jump Financial LLC boosted its position in Marathon Petroleum by 128.0% in the first quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after buying an additional 4,863 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial raised their target price on shares of Marathon Petroleum from $195.00 to $199.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Citigroup raised their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Piper Sandler raised their target price on shares of Marathon Petroleum from $184.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. UBS Group raised their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus target price of $196.29.

Marathon Petroleum Price Performance

MPC stock opened at $193.31 on Friday. The company has a fifty day moving average price of $177.02 and a 200-day moving average price of $162.25. The company has a market capitalization of $58.77 billion, a P/E ratio of 28.68, a PEG ratio of 3.35 and a beta of 0.90. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $201.61. 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 (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. The firm had revenue of $34.10 billion during 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 company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.12 earnings per share. As a group, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

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

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.