Inscription Capital LLC Has $544,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Inscription Capital LLC boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,340 shares of the oil and gas company’s stock after acquiring an additional 261 shares during the quarter. Inscription Capital LLC’s holdings in Marathon Petroleum were worth $544,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MPC. WR Wealth Planners LLC lifted its stake in Marathon Petroleum by 15.2% in the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 57 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Marathon Petroleum by 3.2% in the first quarter. D Orazio & Associates Inc. now owns 1,894 shares of the oil and gas company’s stock worth $382,000 after purchasing an additional 59 shares during the last quarter. Legacy Advisors LLC raised its holdings in Marathon Petroleum by 5.0% during the 2nd quarter. Legacy Advisors LLC now owns 1,238 shares of the oil and gas company’s stock valued at $215,000 after buying an additional 59 shares during the last quarter. Latitude Advisors LLC boosted its position in Marathon Petroleum by 3.6% during the 2nd quarter. Latitude Advisors LLC now owns 1,714 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 60 shares during the period. Finally, SouthState Corp grew its holdings in Marathon Petroleum by 1.5% in the 2nd quarter. SouthState Corp now owns 4,122 shares of the oil and gas company’s stock worth $715,000 after acquiring an additional 61 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Down 0.8 %

MPC stock opened at $151.07 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $164.81 and a 200 day moving average of $172.82. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month high of $221.11. The firm has a market cap of $53.23 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.32 EPS. On average, research analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.18%. Marathon Petroleum’s payout ratio is currently 16.48%.

Wall Street Analyst Weigh In

MPC has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Piper Sandler dropped their price target on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Barclays reduced their price target 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 analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Company 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.