Atria Wealth Solutions Inc. Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Atria Wealth Solutions Inc. grew its position in Marathon Petroleum Co. (NYSE:MPC) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,474 shares of the oil and gas company’s stock after purchasing an additional 826 shares during the period. Atria Wealth Solutions Inc.’s holdings in Marathon Petroleum were worth $2,889,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum in the 4th quarter valued at about $32,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $40,000. Peoples Bank KS purchased a new position in Marathon Petroleum in the third quarter valued at about $44,000. Finally, Exchange Traded Concepts LLC increased its holdings in Marathon Petroleum by 811.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target 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. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Raymond James increased their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 31st. Mizuho boosted their price target on Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Citigroup assumed coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Five investment 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 stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Stock Performance

MPC opened at $198.39 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $192.39 and its 200-day moving average is $167.07. The stock has a market cap of $71.49 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm’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. On average, analysts predict that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s dividend payout ratio (DPR) is 14.02%.

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.