5,598 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Holistic Planning LLC

Holistic Planning LLC purchased a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,598 shares of the oil and gas company's stock, valued at approximately $912,000.

A number of other large investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in Marathon Petroleum by 149.7% during the 1st quarter. SG Americas Securities LLC now owns 59,866 shares of the oil and gas company's stock valued at $12,063,000 after acquiring an additional 35,890 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Marathon Petroleum by 10.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,331 shares of the oil and gas company's stock valued at $671,000 after acquiring an additional 308 shares in the last quarter. PFG Advisors bought a new stake in Marathon Petroleum during the 1st quarter valued at $334,000. NTV Asset Management LLC boosted its position in Marathon Petroleum by 18.0% during the 1st quarter. NTV Asset Management LLC now owns 2,556 shares of the oil and gas company's stock valued at $515,000 after acquiring an additional 390 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its position in Marathon Petroleum by 8.1% during the 1st quarter. KCM Investment Advisors LLC now owns 10,651 shares of the oil and gas company's stock valued at $2,146,000 after acquiring an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $0.25 during trading on Friday, reaching $153.75. 1,718,368 shares of the company's stock traded hands, compared to its average volume of 2,396,236. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The company has a quick ratio of 0.90, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market cap of $49.41 billion, a PE ratio of 12.18, a P/E/G ratio of 2.97 and a beta of 1.38. The company has a 50-day simple moving average of $160.49 and a 200-day simple moving average of $169.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.90. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The firm had revenue of $35.37 billion for the quarter, compared to analysts' expectations of $34.34 billion. During the same period last year, the firm earned $8.14 EPS. The company's quarterly revenue was down 14.9% on a year-over-year basis. As a group, analysts predict that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum announced that its board has initiated a stock buyback program on Tuesday, November 5th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, November 20th. This is a boost from Marathon Petroleum's previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.37%. Marathon Petroleum's dividend payout ratio (DPR) is 26.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MPC. Barclays dropped their target price on Marathon Petroleum from $180.00 to $168.00 and set an "overweight" rating on the stock in a research report on Thursday, October 10th. Morgan Stanley lowered their price objective on Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a "buy" rating to a "sell" rating in a research report on Monday, September 9th. Wolfe Research assumed coverage on Marathon Petroleum in a research report on Thursday, July 18th. They issued an "outperform" rating and a $200.00 price objective for the company. Finally, Piper Sandler lowered their price objective on Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $185.67.

Marathon Petroleum 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.