Foster Victor Wealth Advisors LLC Decreases Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Foster Victor Wealth Advisors LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,962 shares of the oil and gas company’s stock after selling 102 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $286,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in Marathon Petroleum by 52.2% in the fourth quarter. Vontobel Holding Ltd. now owns 16,499 shares of the oil and gas company’s stock worth $2,302,000 after acquiring an additional 5,661 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Marathon Petroleum by 3.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 9,399 shares of the oil and gas company’s stock valued at $1,311,000 after acquiring an additional 292 shares in the last quarter. Principal Securities Inc. increased its position in Marathon Petroleum by 10.3% during the 4th quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company’s stock valued at $774,000 after purchasing an additional 516 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Marathon Petroleum in the 4th quarter worth $15,649,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Up 0.6%

NYSE:MPC opened at $165.99 on Monday. 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 firm has a market cap of $50.99 billion, a P/E ratio of 16.72, a P/E/G ratio of 3.11 and a beta of 0.89. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The firm has a 50-day simple moving average of $147.49 and a two-hundred day simple moving average of $146.32.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $2.58 earnings per share. Analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 dividend yield of 2.19%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho boosted their price target 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. TD Cowen upped their target price on Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Morgan Stanley dropped their price target on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays upped their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

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.