Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Hudock Inc.

Hudock Inc. lifted its position in Marathon Petroleum Co. (NYSE:MPC) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,448 shares of the oil and gas company’s stock after acquiring an additional 101 shares during the period. Hudock Inc.’s holdings in Marathon Petroleum were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in Marathon Petroleum by 47.6% during the 3rd quarter. Ballentine Partners LLC now owns 18,668 shares of the oil and gas company’s stock valued at $3,041,000 after acquiring an additional 6,017 shares in the last quarter. Financial Partners Group LLC grew its position in shares of Marathon Petroleum by 3.3% in the third quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company’s stock valued at $362,000 after purchasing an additional 71 shares in the last quarter. West Michigan Advisors LLC lifted its position in Marathon Petroleum by 3.0% during the third quarter. West Michigan Advisors LLC now owns 18,347 shares of the oil and gas company’s stock worth $2,989,000 after buying an additional 532 shares in the last quarter. Dakota Wealth Management grew its holdings in Marathon Petroleum by 0.4% in the 3rd quarter. Dakota Wealth Management now owns 24,302 shares of the oil and gas company’s stock valued at $3,959,000 after buying an additional 95 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its stake in shares of Marathon Petroleum by 8.1% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,579 shares of the oil and gas company’s stock worth $1,723,000 after acquiring an additional 797 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on MPC. TD Cowen lifted their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Bank of America assumed coverage on shares of Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price target on the stock. Piper Sandler lowered their price objective on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Citigroup reduced their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays lowered their price target on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $1.38 during trading on Friday, hitting $154.26. 130,911 shares of the company were exchanged, compared to its average volume of 2,662,481. The firm has a 50 day moving average price of $166.48 and a 200 day moving average price of $174.39. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 3.03 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter in the prior year, the company posted $5.32 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Marathon Petroleum Co. will post 8.71 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced 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 2.14%. Marathon Petroleum’s payout ratio is 17.34%.

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.