Caprock Group LLC Makes New Investment in Marathon Petroleum Corporation $MPC

Caprock Group LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,516 shares of the oil and gas company’s stock, valued at approximately $2,983,000.

Other hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC bought a new position in Marathon Petroleum during the 2nd quarter valued at $25,000. Activest Wealth Management lifted its position in shares of Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC grew its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. WFA of San Diego LLC bought a new stake in Marathon Petroleum in the second quarter valued at about $33,000. Finally, Transce3nd LLC raised its stake in Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research analyst reports. Scotiabank reiterated an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Citigroup boosted their target price on shares of Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday. Jefferies Financial Group reduced their price target on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Piper Sandler lowered their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Mizuho increased their price objective on shares of Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.19.

Marathon Petroleum Price Performance

NYSE MPC opened at $198.13 on Friday. The company has a 50-day moving average price of $178.58 and a two-hundred day moving average price of $181.93. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $210.32.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The business had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio (DPR) is 29.96%.

Marathon Petroleum 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.