180 Wealth Advisors LLC Has $610,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

180 Wealth Advisors LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 26.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,027 shares of the oil and gas company’s stock after selling 1,085 shares during the period. 180 Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in shares of Marathon Petroleum by 0.9% during the 1st quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after buying an additional 55 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Marathon Petroleum by 27.3% during the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 59 shares during the period. First Financial Corp IN boosted its stake in shares of Marathon Petroleum by 2.5% during the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after buying an additional 59 shares during the period. Marino Stram & Associates LLC boosted its stake in shares of Marathon Petroleum by 0.5% during the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after buying an additional 60 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in shares of Marathon Petroleum by 0.3% during the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC traded down $1.39 during midday trading on Thursday, hitting $172.91. The company had a trading volume of 1,632,995 shares, compared to its average volume of 2,721,859. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The stock has a market cap of $60.92 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.61 and a beta of 1.45. The firm has a fifty day simple moving average of $179.61 and a two-hundred day simple moving average of $175.35. Marathon Petroleum Co. has a fifty-two week low of $112.82 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. During the same period last year, the business posted $6.09 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. Equities analysts forecast that Marathon Petroleum Co. will post 18.18 earnings per share for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were given a dividend of $0.825 per share. The ex-dividend date was Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.91%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MPC. Wells Fargo & Company cut their price target on shares of Marathon Petroleum from $227.00 to $223.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Piper Sandler cut their price target on shares of Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Scotiabank raised their price target on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Bank of America raised their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum to a “strong-buy” rating in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $192.08.

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.