1,370 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by MONECO Advisors LLC

MONECO Advisors LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,370 shares of the oil and gas company’s stock, valued at approximately $203,000.

Several other institutional investors have also recently made changes to their positions in MPC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Marathon Petroleum during the 4th quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at approximately $30,000. Vima LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at approximately $30,000. Manchester Capital Management LLC grew its holdings in Marathon Petroleum by 97.2% during the 4th quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 106 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $171.73 on Tuesday. Marathon Petroleum Co. has a 52-week low of $108.88 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. The firm has a market capitalization of $60.51 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.47 and a beta of 1.45. The stock has a 50 day moving average price of $184.47 and a 200 day moving average price of $174.22.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. The business had revenue of $32.71 billion during the quarter, compared to analyst estimates of $32.07 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. Marathon Petroleum’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.09 EPS. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 19.3 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Marathon Petroleum announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 30th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MPC shares. Barclays cut their price target on Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, May 6th. JPMorgan Chase & Co. raised their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Raymond James lowered their price objective on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 30th. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Scotiabank raised their price objective on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.23.

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.