Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Willis Johnson & Associates Inc.

Willis Johnson & Associates Inc. lifted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 87.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,250 shares of the oil and gas company’s stock after purchasing an additional 1,050 shares during the quarter. Willis Johnson & Associates Inc.’s holdings in Marathon Petroleum were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MPC. Norges Bank acquired a new stake in Marathon Petroleum during the 4th quarter worth about $500,685,000. Granite Bay Wealth Management LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $219,537,000. Capital Wealth Planning LLC raised its stake in shares of Marathon Petroleum by 10,902.9% during the 1st quarter. Capital Wealth Planning LLC now owns 1,110,630 shares of the oil and gas company’s stock valued at $223,792,000 after buying an additional 1,100,536 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Marathon Petroleum by 980.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 684,718 shares of the oil and gas company’s stock valued at $118,785,000 after buying an additional 621,336 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Marathon Petroleum by 309.9% during the 4th quarter. Schroder Investment Management Group now owns 643,590 shares of the oil and gas company’s stock valued at $95,483,000 after buying an additional 486,573 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 3.6 %

MPC traded up $6.15 during trading hours on Monday, reaching $177.12. The company’s stock had a trading volume of 3,460,900 shares, compared to its average volume of 2,620,053. Marathon Petroleum Co. has a fifty-two week low of $139.32 and a fifty-two week high of $221.11. The stock has a market cap of $62.40 billion, a PE ratio of 8.85, a P/E/G ratio of 2.33 and a beta of 1.40. The business’s 50-day moving average is $171.47 and its 200-day moving average is $180.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last announced its earnings results 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 company had revenue of $38.36 billion for 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 firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.32 earnings per share. As a group, equities research analysts predict that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday, August 21st. Marathon Petroleum’s payout ratio is 16.48%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price target on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Piper Sandler cut their price target on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Jefferies Financial Group lifted their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Barclays lowered their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.38.

About Marathon Petroleum

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.