Madison Wealth Partners Inc Has $240,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Madison Wealth Partners Inc raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 30.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,384 shares of the oil and gas company’s stock after purchasing an additional 323 shares during the period. Madison Wealth Partners Inc’s holdings in Marathon Petroleum were worth $240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. FinTrust Capital Advisors LLC grew its position in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at $30,000. Vima LLC bought a new position in Marathon Petroleum in the fourth quarter worth $30,000. Finally, TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum during the second quarter worth $35,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MPC. Jefferies Financial Group increased their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Mizuho dropped their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday. Barclays decreased 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. Wells Fargo & Company dropped their target price on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, Tudor Pickering lowered Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $161.01 on Tuesday. Marathon Petroleum Co. has a 12 month low of $139.32 and a 12 month high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $56.73 billion, a PE ratio of 8.04, a PEG ratio of 2.09 and a beta of 1.38. The stock’s fifty day simple moving average is $169.90 and its 200 day simple moving average is $180.10.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter in the previous year, the business posted $5.32 EPS. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is 16.48%.

Marathon Petroleum 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.