Revisor Wealth Management LLC Buys 1,599 Shares of Marathon Petroleum Corporation $MPC

Revisor Wealth Management LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,599 shares of the oil and gas company’s stock, valued at approximately $632,000.

Other hedge funds also recently modified their holdings of the company. Focus Financial Network Inc. raised its position in Marathon Petroleum by 2.0% during the third quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock valued at $422,000 after buying an additional 21 shares during the period. CRA Financial Services LLC lifted its stake in Marathon Petroleum by 1.2% in the 3rd quarter. CRA Financial Services LLC now owns 1,844 shares of the oil and gas company’s stock worth $729,000 after acquiring an additional 21 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Marathon Petroleum by 1.0% in the 3rd quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock worth $842,000 after acquiring an additional 22 shares in the last quarter. LexAurum Advisors LLC boosted its position in Marathon Petroleum by 2.6% during the 3rd quarter. LexAurum Advisors LLC now owns 930 shares of the oil and gas company’s stock worth $368,000 after acquiring an additional 24 shares during the period. Finally, Forum Financial Management LP boosted its position in Marathon Petroleum by 2.9% during the 3rd quarter. Forum Financial Management LP now owns 923 shares of the oil and gas company’s stock worth $365,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $469.02 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $493.98. The stock’s 50-day moving average is $405.97 and its two-hundred day moving average is $314.27. The firm has a market cap of $136.92 billion, a P/E ratio of 16.12, a PEG ratio of 0.14 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period last year, the business earned $3.96 EPS. Analysts predict that Marathon Petroleum Corporation will post 64.00 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. Marathon Petroleum’s dividend payout ratio is 13.75%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPC. Barclays lifted their target price on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Morgan Stanley increased their price target on shares of Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Bank of America increased their price target on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Evercore set a $330.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 5th. Finally, Citigroup boosted their price objective on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $417.88.

Get Our Latest Stock Analysis on Marathon Petroleum

Marathon Petroleum News Summary

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

Insider Transactions at Marathon Petroleum

In other news, VP Erin M. Brzezinski sold 570 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the transaction, the vice president owned 1,576 shares in the company, valued at approximately $571,757.04. This trade represents a 26.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Molly Benson sold 17,196 shares of Marathon Petroleum stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the sale, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,691 shares of company stock worth $7,780,127 in the last 90 days. 0.17% of the stock is owned by insiders.

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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