Hennion & Walsh Asset Management Inc. Has $749,000 Stake in Marathon Petroleum Corporation $MPC

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 51.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,887 shares of the oil and gas company’s stock after selling 4,063 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Marathon Petroleum were worth $749,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum in the second quarter valued at about $25,000. Activest Wealth Management boosted its stake in Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. NewSquare Capital LLC increased its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the second quarter worth $33,000. Finally, Transce3nd LLC grew its holdings in shares of Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Raymond James Financial lowered their price target on Marathon Petroleum from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Evercore ISI lifted their target price on Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Wall Street Zen downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Morgan Stanley upped their price target on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.71.

Marathon Petroleum Stock Down 0.4%

MPC stock opened at $176.39 on Friday. The business has a 50-day simple moving average of $183.16 and a 200 day simple moving average of $180.34. The company has a market cap of $53.02 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.67 and a beta of 0.74. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.29. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The company had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio is presently 42.64%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.