NewSquare Capital LLC Invests $58,000 in Marathon Petroleum Co. (NYSE:MPC)

NewSquare Capital LLC bought a new stake in Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 394 shares of the oil and gas company’s stock, valued at approximately $58,000.

Other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at $32,000. Tennessee Valley Asset Management Partners bought a new stake in Marathon Petroleum during the fourth quarter valued at $40,000. Peoples Bank KS acquired a new stake in Marathon Petroleum during the 3rd quarter worth about $44,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Marathon Petroleum by 811.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 284 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Down 0.8 %

NYSE MPC traded down $1.69 during trading hours on Wednesday, hitting $197.96. The company’s stock had a trading volume of 789,462 shares, compared to its average volume of 2,776,830. The company has a market capitalization of $71.33 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The company’s 50-day simple moving average is $190.68 and its two-hundred day simple moving average is $165.99.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $6.65 earnings per share. Research analysts anticipate that Marathon Petroleum Co. will post 19.42 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.67%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Activity

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPC has been the subject of several recent analyst reports. Citigroup began coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating for the company. The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Scotiabank boosted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Raymond James raised their target price on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

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.