Holistic Planning LLC Makes New Investment in Marathon Petroleum Co. (NYSE:MPC)

Holistic Planning LLC bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,598 shares of the oil and gas company’s stock, valued at approximately $912,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CWA Asset Management Group LLC acquired a new stake in Marathon Petroleum in the third quarter valued at approximately $1,451,000. Equitable Trust Co. lifted its holdings in shares of Marathon Petroleum by 212.8% in the 3rd quarter. Equitable Trust Co. now owns 5,145 shares of the oil and gas company’s stock worth $838,000 after purchasing an additional 3,500 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Marathon Petroleum in the 3rd quarter valued at $52,000. Comprehensive Financial Consultants Institutional Inc. increased its stake in Marathon Petroleum by 1.1% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 26,960 shares of the oil and gas company’s stock valued at $4,392,000 after purchasing an additional 295 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in Marathon Petroleum by 1.7% during the third quarter. AIA Group Ltd now owns 11,700 shares of the oil and gas company’s stock worth $1,906,000 after buying an additional 200 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MPC shares. JPMorgan Chase & Co. decreased their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Tudor, Pickering, Holt & Co. lowered Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Piper Sandler dropped their target price on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company lowered their price target on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Barclays dropped their target price on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.67.

Marathon Petroleum Stock Performance

Shares of MPC opened at $153.60 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.90. The firm has a market cap of $49.37 billion, a PE ratio of 12.17, a PEG ratio of 2.97 and a beta of 1.38. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The stock’s fifty day moving average price is $160.49 and its two-hundred day moving average price is $169.89.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.97 by $0.90. The business had revenue of $35.37 billion for the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The company’s revenue was down 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.14 earnings per share. On average, equities research analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a $0.91 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Wednesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.15%.

Marathon Petroleum declared that its board has approved a share repurchase plan on Tuesday, November 5th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Marathon Petroleum 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.