Dupree Financial Group LLC Has $347,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Dupree Financial Group LLC lifted its position in Marathon Petroleum Co. (NYSE:MPC) by 35.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,132 shares of the oil and gas company’s stock after buying an additional 562 shares during the period. Dupree Financial Group LLC’s holdings in Marathon Petroleum were worth $347,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Atlas Capital Advisors LLC raised its position in shares of Marathon Petroleum by 7.8% during the first quarter. Atlas Capital Advisors LLC now owns 4,862 shares of the oil and gas company’s stock worth $980,000 after purchasing an additional 351 shares during the period. Brookstone Capital Management lifted its stake in Marathon Petroleum by 30.5% in the first quarter. Brookstone Capital Management now owns 21,150 shares of the oil and gas company’s stock valued at $4,262,000 after buying an additional 4,947 shares in the last quarter. Sovereign Financial Group Inc. acquired a new position in shares of Marathon Petroleum in the first quarter valued at approximately $284,000. GoalVest Advisory LLC increased its position in shares of Marathon Petroleum by 16.9% during the first quarter. GoalVest Advisory LLC now owns 1,066 shares of the oil and gas company’s stock worth $215,000 after acquiring an additional 154 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth $239,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MPC shares. TD Cowen upped their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research started coverage on Marathon Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler reduced their price target 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. Finally, BMO Capital Markets lowered their price objective on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.00.

Marathon Petroleum Stock Up 0.8 %

Shares of MPC stock opened at $158.24 on Wednesday. Marathon Petroleum Co. has a 52-week low of $140.98 and a 52-week high of $221.11. 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 stock has a market cap of $55.75 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 2.65 and a beta of 1.37. The firm’s 50-day moving average is $166.98 and its 200-day moving average is $174.53.

Marathon Petroleum (NYSE:MPC) 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. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the company posted $5.32 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum Co. will post 10.22 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s payout ratio 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.