Discipline Wealth Solutions LLC Purchases New Position in Marathon Petroleum Corporation $MPC

Discipline Wealth Solutions LLC purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,046 shares of the oil and gas company’s stock, valued at approximately $500,000.

Other large investors have also recently added to or reduced their stakes in the company. Navalign LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $31,000. Berbice Capital Management LLC increased its holdings in Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. WFA of San Diego LLC bought a new position in Marathon Petroleum in the 2nd quarter valued at $33,000. Finally, Ares Financial Consulting LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $34,000. 76.77% of the stock is owned by institutional investors.

Insider Activity at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Marathon Petroleum Stock Up 1.7%

NYSE:MPC opened at $247.13 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $272.46. The stock’s fifty day simple moving average is $245.65 and its 200-day simple moving average is $214.83. The firm has a market capitalization of $72.15 billion, a P/E ratio of 16.13, a P/E/G ratio of 0.37 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s payout ratio is presently 26.11%.

Analyst Ratings Changes

MPC has been the topic of several research analyst reports. Morgan Stanley increased their target price on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Raymond James Financial increased their price objective on shares of Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Citigroup raised their price objective on shares of Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.94.

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.