Measured Wealth Private Client Group LLC Lowers Position in Marathon Petroleum Co. (NYSE:MPC)

Measured Wealth Private Client Group LLC lessened its stake in Marathon Petroleum Co. (NYSE:MPC) by 23.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,333 shares of the oil and gas company’s stock after selling 401 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Marathon Petroleum were worth $217,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MPC. FinTrust Capital Advisors LLC raised its holdings in Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter valued at $29,000. TruNorth Capital Management LLC purchased a new stake in Marathon Petroleum during the 2nd quarter worth $35,000. Industrial Alliance Investment Management Inc. purchased a new position in Marathon Petroleum in the second quarter valued at about $35,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth about $40,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $145.47 on Friday. The stock has a market capitalization of $48.69 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.77 and a beta of 1.37. The firm’s 50-day moving average price is $163.21 and its two-hundred day moving average price is $172.00. Marathon Petroleum Co. has a 52-week low of $140.98 and a 52-week 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.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.32 EPS. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be given a $0.91 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 2.50%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 17.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MPC. Scotiabank dropped their target price on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets dropped their price objective on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Barclays dropped their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.