Transform Wealth LLC Has $277,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Transform Wealth LLC cut its position in Marathon Petroleum Co. (NYSE:MPC) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,902 shares of the oil and gas company’s stock after selling 95 shares during the quarter. Transform Wealth LLC’s holdings in Marathon Petroleum were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MPC. SWS Partners increased its stake in Marathon Petroleum by 19.0% during the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock worth $2,452,000 after acquiring an additional 2,806 shares during the period. Greatmark Investment Partners Inc. increased its stake in shares of Marathon Petroleum by 3.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock valued at $22,483,000 after buying an additional 5,476 shares during the period. TCTC Holdings LLC raised its stake in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after acquiring an additional 2,892 shares during the last quarter. Cambridge Financial Group Inc. bought a new position in Marathon Petroleum during the 4th quarter worth $5,624,000. Finally, Principal Securities Inc. lifted its stake in shares of Marathon Petroleum by 10.3% in the fourth quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company’s stock worth $774,000 after acquiring an additional 516 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

NYSE:MPC opened at $164.71 on Thursday. The firm has a market capitalization of $50.60 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock has a fifty day moving average of $145.66 and a 200 day moving average of $146.32. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.21%. Marathon Petroleum’s payout ratio is 51.20%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPC. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. TD Cowen boosted their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Mizuho increased their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.21.

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.