341 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Register Financial Advisors LLC

Register Financial Advisors LLC bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 341 shares of the oil and gas company’s stock, valued at approximately $69,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. NBC Securities Inc. raised its position in Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after acquiring an additional 55 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in Marathon Petroleum by 27.3% during the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 59 shares in the last quarter. First Financial Corp IN raised its position in Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after acquiring an additional 59 shares in the last quarter. Marino Stram & Associates LLC raised its position in Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after acquiring an additional 60 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays reduced their price target on Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $227.00 to $223.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Mizuho cut their price objective on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Scotiabank boosted their price objective on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.08.

Marathon Petroleum Price Performance

Shares of MPC traded up $0.49 during trading hours on Friday, hitting $173.40. 3,655,803 shares of the stock were exchanged, compared to its average volume of 2,729,391. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum Co. has a 12-month low of $112.82 and a 12-month high of $221.11. The company has a market cap of $61.09 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 1.63 and a beta of 1.45. The stock’s 50-day moving average price is $178.71 and its two-hundred day moving average price is $175.53.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. During the same period in the previous year, the business earned $6.09 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts expect that Marathon Petroleum Co. will post 17.85 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Marathon Petroleum declared that its board has authorized a share buyback program on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.