Reston Wealth Management LLC Purchases 90 Shares of Marathon Petroleum Co. (NYSE:MPC)

Reston Wealth Management LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,450 shares of the oil and gas company’s stock after acquiring an additional 90 shares during the period. Reston Wealth Management LLC’s holdings in Marathon Petroleum were worth $236,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new stake in Marathon Petroleum during the 1st quarter worth about $29,000. TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum in the 2nd quarter valued at about $35,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Marathon Petroleum during the second quarter worth approximately $35,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at approximately $40,000. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup reduced their price objective on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Wolfe Research initiated coverage on Marathon Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price target on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Stock Up 0.5 %

Shares of Marathon Petroleum stock opened at $145.47 on Friday. The company has a market capitalization of $48.69 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 2.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The business has a 50-day moving average of $163.21 and a two-hundred day moving average of $172.00. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11.

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

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a $0.91 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 2.50%. Marathon Petroleum’s dividend payout ratio is presently 17.34%.

About Marathon Petroleum

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.