Shakespeare Wealth Management LLC Makes New $739,000 Investment in Marathon Petroleum Corporation $MPC

Shakespeare Wealth Management LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,868 shares of the oil and gas company’s stock, valued at approximately $739,000.

Other institutional investors have also recently bought and sold shares of the company. Solstein Capital LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter worth about $26,000. Caitlin John LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in Marathon Petroleum in the second quarter valued at about $27,000. Main Street Group LTD bought a new stake in Marathon Petroleum in the first quarter valued at about $35,000. Finally, Cetera Trust Company N.A acquired a new position in Marathon Petroleum in the second quarter worth about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MPC shares. Evercore set a $330.00 price objective on Marathon Petroleum in a report on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and issued a $433.00 target price on shares of Marathon Petroleum in a report on Sunday, October 11th. Piper Sandler raised their target price on Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Barclays boosted their price target on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Citigroup upped their price target on Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $424.31.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $433.30 on Friday. The stock has a 50-day simple moving average of $416.08 and a 200 day simple moving average of $288.43. The stock has a market capitalization of $126.50 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 0.12 and a beta of 0.54. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $493.98.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.96 EPS. On average, research analysts anticipate that Marathon Petroleum Corporation will post 64.12 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.9%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Insider Buying and Selling at Marathon Petroleum

In other news, SVP Shawn Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value of $206,790.30. Following the sale, the vice president owned 1,576 shares of the company’s stock, valued at approximately $571,757.04. The trade was a 26.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 21,691 shares of company stock worth $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum increased its quarterly dividend by 10% to $1.10 per share, payable December 10 to shareholders of record on November 18. The hike signals confidence in cash generation and strengthens the income-investment case. Marathon Petroleum Corp. Increases Quarterly Dividend
• Positive Sentiment: Analysts and Zacks point to strong refining performance, rising earnings estimates, fuel demand and shareholder returns as reasons MPC could remain attractive. Its low PEG ratio and recent profit growth also support the value argument. MPC Stock Gains on Refining Strength
• Positive Sentiment: Several previews characterize MPC as discounted relative to its long-term performance and a potential momentum or value opportunity ahead of its third-quarter results. Marathon Petroleum Stock Looks Discounted

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.