RWA Wealth Partners LLC Grows Position in Marathon Petroleum Co. (NYSE:MPC)

RWA Wealth Partners LLC raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,038 shares of the oil and gas company’s stock after purchasing an additional 278 shares during the period. RWA Wealth Partners LLC’s holdings in Marathon Petroleum were worth $896,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MPC. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Marathon Petroleum in the third quarter valued at approximately $109,099,000. Acadian Asset Management LLC boosted its holdings in shares of Marathon Petroleum by 127.0% in the third quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after acquiring an additional 689,576 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Marathon Petroleum by 256.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock valued at $131,235,000 after acquiring an additional 636,281 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Marathon Petroleum by 248.1% in the fourth quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock valued at $90,335,000 after acquiring an additional 433,977 shares during the period. Finally, Korea Investment CORP boosted its holdings in shares of Marathon Petroleum by 61.9% in the third quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock valued at $100,227,000 after acquiring an additional 253,321 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 0.3 %

Shares of NYSE:MPC opened at $199.12 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a 1 year low of $104.32 and a 1 year high of $221.11. The stock has a market capitalization of $71.75 billion, a P/E ratio of 8.46, a PEG ratio of 1.62 and a beta of 1.52. The stock has a 50-day simple moving average of $191.26 and a 200-day simple moving average of $166.23.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $6.65 EPS. Equities analysts forecast that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.66%. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MPC. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Piper Sandler increased their price target on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Barclays increased their price target on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. The Goldman Sachs Group increased their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Mizuho increased their price target on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target 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.