Woodard & Co. Asset Management Group Inc. ADV Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,579 shares of the oil and gas company’s stock after buying an additional 797 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Marathon Petroleum were worth $1,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its stake in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Marathon Petroleum during the 1st quarter valued at approximately $29,000. TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth approximately $35,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of Marathon Petroleum in the second quarter worth $35,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Marathon Petroleum in the first quarter valued at $40,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Scotiabank cut their price objective on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Tudor, Pickering, Holt & Co. downgraded Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Jefferies Financial Group boosted their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Morgan Stanley decreased their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Stock Down 0.6 %

MPC opened at $152.88 on Friday. The stock’s 50 day moving average price is $166.48 and its 200 day moving average price is $174.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The stock has a market cap of $53.86 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued 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 for the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.32 earnings per share. As a group, research analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.16%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

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.