Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,871 shares of the oil and gas company's stock after acquiring an additional 3,683 shares during the quarter. Parcion Private Wealth LLC's holdings in Marathon Petroleum were worth $4,866,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC boosted its holdings in Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum in the 1st quarter valued at about $29,000. TruNorth Capital Management LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at about $35,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $35,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter worth approximately $40,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 0.3 %

Shares of NYSE MPC traded down $0.52 during mid-day trading on Friday, reaching $152.36. The company had a trading volume of 1,046,293 shares, compared to its average volume of 2,666,899. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $165.37 and a two-hundred day simple moving average of $173.79. The stock has a market cap of $50.99 billion, a P/E ratio of 8.01, a PEG ratio of 3.03 and a beta of 1.37. Marathon Petroleum Co. has a 52-week low of $140.98 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts' consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company's revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $5.32 EPS. Sell-side analysts predict that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio (DPR) is 17.34%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, September 20th. Jefferies Financial Group upped their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a "buy" rating in a report on Monday, July 15th. Mizuho decreased their price objective on shares of Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. TD Cowen upped their price objective on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $187.00.

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.