Capital Wealth Planning LLC Acquires 102,734 Shares of Marathon Petroleum Co. (NYSE:MPC)

Capital Wealth Planning LLC grew its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,271,923 shares of the oil and gas company's stock after buying an additional 102,734 shares during the quarter. Marathon Petroleum makes up about 1.6% of Capital Wealth Planning LLC's investment portfolio, making the stock its 25th largest holding. Capital Wealth Planning LLC owned approximately 0.40% of Marathon Petroleum worth $177,433,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Gladius Capital Management LP bought a new stake in Marathon Petroleum in the third quarter valued at $26,000. MeadowBrook Investment Advisors LLC lifted its position in shares of Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC boosted its stake in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Asset Planning Inc bought a new position in Marathon Petroleum in the fourth quarter worth about $28,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Marathon Petroleum in the third quarter worth about $30,000. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MPC. Mizuho reduced their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company upped their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Raymond James raised their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research report on Friday, January 17th. TD Cowen reaffirmed a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Finally, Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $181.27.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell bought 6,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the transaction, the director now owns 6,090 shares of the company's stock, valued at $911,124.90. This represents a 6,666.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $4.43 during midday trading on Monday, reaching $145.75. 2,714,514 shares of the company's stock traded hands, compared to its average volume of 2,826,225. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The stock has a 50 day moving average of $148.39 and a 200 day moving average of $155.21. The company has a market cap of $46.84 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 3.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.98 EPS. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.50%. Marathon Petroleum's payout ratio is 36.66%.

Marathon Petroleum declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.