Vanguard Capital Wealth Advisors Has $568,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

Vanguard Capital Wealth Advisors decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,826 shares of the oil and gas company’s stock after selling 88 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Marathon Petroleum were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Marathon Petroleum by 1.0% in the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock valued at $685,088,000 after acquiring an additional 43,989 shares during the last quarter. Raymond James & Associates grew its holdings in Marathon Petroleum by 2.4% during the fourth quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock worth $608,581,000 after purchasing an additional 96,753 shares during the period. Principal Financial Group Inc. grew its holdings in Marathon Petroleum by 1.4% during the third quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company’s stock worth $415,673,000 after purchasing an additional 36,987 shares during the period. Pacer Advisors Inc. grew its holdings in Marathon Petroleum by 8.3% during the fourth quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company’s stock worth $347,365,000 after purchasing an additional 178,502 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Marathon Petroleum by 0.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,179,623 shares of the oil and gas company’s stock worth $329,864,000 after purchasing an additional 11,622 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

MPC traded down $18.59 during trading on Tuesday, hitting $181.92. 5,780,215 shares of the company traded hands, compared to its average volume of 2,784,731. Marathon Petroleum Co. has a 1 year low of $104.32 and a 1 year high of $221.11. The company has a market cap of $65.55 billion, a PE ratio of 8.03, a P/E/G ratio of 1.61 and a beta of 1.52. The stock’s 50-day simple moving average is $193.00 and its two-hundred day simple moving average is $167.44. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 6.44% and a return on equity of 30.58%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.65 EPS. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 20.49 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is 14.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MPC shares. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Citigroup started coverage on Marathon Petroleum in a report on Wednesday, January 24th. They set a “neutral” rating for the company. StockNews.com upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Bank of America boosted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Five equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.77.

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.