Marathon Petroleum Corporation $MPC Stake Decreased by Berry Wealth Group LP

Berry Wealth Group LP cut its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 53.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,875 shares of the oil and gas company’s stock after selling 14,535 shares during the quarter. Marathon Petroleum comprises 8.1% of Berry Wealth Group LP’s investment portfolio, making the stock its 5th biggest holding. Berry Wealth Group LP’s holdings in Marathon Petroleum were worth $2,482,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Consolidated Portfolio Review Corp bought a new stake in shares of Marathon Petroleum during the 3rd quarter valued at $231,000. United Capital Management of KS Inc. lifted its position in Marathon Petroleum by 1.1% during the 3rd quarter. United Capital Management of KS Inc. now owns 46,056 shares of the oil and gas company’s stock valued at $8,877,000 after acquiring an additional 512 shares during the period. Advisory Alpha LLC boosted its stake in Marathon Petroleum by 21.1% during the third quarter. Advisory Alpha LLC now owns 8,008 shares of the oil and gas company’s stock worth $1,540,000 after acquiring an additional 1,397 shares in the last quarter. IFG Advisory LLC purchased a new stake in Marathon Petroleum in the third quarter worth about $651,000. Finally, Cresset Asset Management LLC increased its stake in shares of Marathon Petroleum by 61.5% during the third quarter. Cresset Asset Management LLC now owns 11,011 shares of the oil and gas company’s stock valued at $2,122,000 after purchasing an additional 4,194 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 1.5%

Shares of MPC stock opened at $217.52 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $228.55. The company’s fifty day moving average price is $186.04 and its 200-day moving average price is $185.82. The company has a market capitalization of $64.11 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.36 and a beta of 0.69.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be given a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.8%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPC. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Piper Sandler dropped their target price on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $202.19.

About Marathon Petroleum

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.