Moss Adams Wealth Advisors LLC Purchases 108 Shares of Marathon Petroleum Co. (NYSE:MPC)

Moss Adams Wealth Advisors LLC grew its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,285 shares of the oil and gas company’s stock after buying an additional 108 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC grew its position in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Marathon Petroleum during the first quarter worth $29,000. TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum in the second quarter valued at $35,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Marathon Petroleum in the second quarter valued at about $35,000. Finally, Wellington Shields & Co. LLC acquired a new position in Marathon Petroleum during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.0 %

MPC opened at $158.30 on Friday. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month high of $221.11. The firm has a market cap of $55.77 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The firm’s fifty day moving average is $167.72 and its two-hundred day moving average is $175.65.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter last year, the business posted $5.32 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Co. will post 10.22 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.08%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Wall Street Analysts Forecast Growth

MPC has been the subject of several research reports. Barclays lowered their price objective on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Morgan Stanley decreased their price objective on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. TD Cowen upped their price target on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Tudor Pickering lowered Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

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.