Marathon Petroleum Co. (NYSE:MPC) is GW Henssler & Associates Ltd.'s 5th Largest Position

GW Henssler & Associates Ltd. lowered its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 284,314 shares of the oil and gas company's stock after selling 10,317 shares during the period. Marathon Petroleum accounts for approximately 2.6% of GW Henssler & Associates Ltd.'s holdings, making the stock its 5th biggest holding. GW Henssler & Associates Ltd. owned 0.08% of Marathon Petroleum worth $46,318,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Smith Group Asset Management LLC lifted its stake in Marathon Petroleum by 1.3% during the third quarter. Smith Group Asset Management LLC now owns 72,284 shares of the oil and gas company's stock worth $11,776,000 after purchasing an additional 951 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Marathon Petroleum by 34.0% during the third quarter. Pallas Capital Advisors LLC now owns 2,235 shares of the oil and gas company's stock valued at $342,000 after buying an additional 567 shares during the last quarter. Hunter Associates Investment Management LLC boosted its position in shares of Marathon Petroleum by 10.6% during the third quarter. Hunter Associates Investment Management LLC now owns 3,005 shares of the oil and gas company's stock worth $491,000 after buying an additional 287 shares during the period. Inscription Capital LLC grew its holdings in Marathon Petroleum by 8.5% in the 3rd quarter. Inscription Capital LLC now owns 3,340 shares of the oil and gas company's stock worth $544,000 after buying an additional 261 shares in the last quarter. Finally, Pullen Investment Management LLC increased its position in Marathon Petroleum by 1.8% in the 3rd quarter. Pullen Investment Management LLC now owns 10,820 shares of the oil and gas company's stock valued at $1,763,000 after acquiring an additional 192 shares during the period. Institutional investors own 76.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho decreased their price target on Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Piper Sandler lowered their target price on shares of Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, September 20th. Wolfe Research assumed coverage on shares of Marathon Petroleum in a research note on Thursday, July 18th. They issued an "outperform" rating and a $200.00 price target for the company. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a research note on Monday, September 9th. Finally, Citigroup dropped their target price on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and an average target price of $187.00.

Marathon Petroleum Trading Down 3.8 %

Shares of MPC stock traded down $5.79 during trading hours on Tuesday, reaching $145.28. 2,827,203 shares of the stock traded hands, compared to its average volume of 2,673,566. The business has a fifty day moving average price of $164.81 and a 200 day moving average price of $172.82. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $51.19 billion, a PE ratio of 7.55, a PEG ratio of 3.03 and a beta of 1.37.

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

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 2.27%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio (DPR) is 16.48%.

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.