Winch Advisory Services LLC Buys 267 Shares of Marathon Petroleum Co. (NYSE:MPC)

Winch Advisory Services LLC raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 96.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 545 shares of the oil and gas company’s stock after buying an additional 267 shares during the period. Winch Advisory Services LLC’s holdings in Marathon Petroleum were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MPC. Riverview Trust Co purchased a new stake in shares of Marathon Petroleum in the 1st quarter valued at $69,000. First Financial Corp IN boosted its stake in shares of Marathon Petroleum by 2.5% in 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 purchasing an additional 59 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in shares of Marathon Petroleum in the 1st quarter valued at $217,000. Atlas Capital Advisors LLC boosted its stake in shares of Marathon Petroleum by 7.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 4,862 shares of the oil and gas company’s stock valued at $980,000 after purchasing an additional 351 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Marathon Petroleum by 2.0% in the 1st quarter. Sunbelt Securities Inc. now owns 16,773 shares of the oil and gas company’s stock valued at $3,380,000 after purchasing an additional 335 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.9 %

NYSE:MPC opened at $156.91 on Tuesday. The firm has a market cap of $55.28 billion, a P/E ratio of 7.84, a P/E/G ratio of 2.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The firm has a 50-day simple moving average of $167.33 and a two-hundred day simple moving average of $174.96.

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 analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $5.32 EPS. Analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s payout ratio is presently 16.48%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. Piper Sandler cut their price objective on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Wells Fargo & Company dropped their price target on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price target on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Citigroup decreased their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.00.

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.