Marathon Petroleum Co. (NYSE:MPC) Shares Bought by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,266 shares of the oil and gas company’s stock after purchasing an additional 83 shares during the quarter. Marathon Petroleum accounts for approximately 0.9% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Kapstone Financial Advisors LLC’s holdings in Marathon Petroleum were worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Marino Stram & Associates LLC increased its stake in shares of Marathon Petroleum by 0.5% during the fourth 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 in the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Marathon Petroleum by 0.3% in the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after acquiring an additional 67 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake 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 buying an additional 67 shares during the period. Empower Advisory Group LLC increased its stake 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 buying an additional 72 shares during the period. Finally, Visionary Wealth Advisors increased its position in shares of Marathon Petroleum by 4.0% in the 3rd quarter. Visionary Wealth Advisors now owns 1,965 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 76 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated 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 directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPC. TD Cowen increased their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Raymond James lifted their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Piper Sandler boosted their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.77.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded down $1.12 during midday trading on Friday, hitting $198.39. The company had a trading volume of 1,954,070 shares, compared to its average volume of 2,218,313. The business’s 50 day simple moving average is $192.39 and its two-hundred day simple moving average is $166.94. The stock has a market cap of $71.49 billion, a PE ratio of 8.43, a P/E/G ratio of 1.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum Co. has a 1-year low of $104.32 and a 1-year high of $221.11.

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

Marathon Petroleum Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

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.