180 Wealth Advisors LLC has a $408,000 stock position in Marathon Petroleum Co. (NYSE:MPC)

180 Wealth Advisors LLC trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC – Free Report) by 18.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,483 shares of the oil and gas company’s stock after selling 544 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $408,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Marathon Petroleum in the 4th quarter valued at about $25,000. FinTrust Capital Advisors LLC boosted its holdings in 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 during the period. Crewe Advisors LLC bought a new position in Marathon Petroleum in the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at $30,000. Finally, Vima LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 76.77% of the company’s shares.

Marathon Petroleum Stock Performance

MPC opened at $180.75 on Friday. The company has a market cap of $63.68 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 2.09 and a beta of 1.40. The company’s 50-day moving average price is $171.17, and its two-hundred-day moving average price is $179.72. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43, and a quick ratio of 0.99.

Marathon Petroleum (NYSE:MPC – Get Free Report ) last announced 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. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The business had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. In the same quarter last year, the firm earned $5.32 EPS. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect Marathon Petroleum Co. will record 13.84 EPS for the current fiscal year.

Marathon Petroleum declared that its Board of Directors has approved a stock buyback program on Tuesday, April 30th that permits the company to repurchase $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to buy back up to 7.8% of its shares through open market purchases. Stock buyback programs are generally a sign that a company’s board of directors believes its stock is undervalued.

Marathon Petroleum announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $0.825 dividend. This represents a dividend of $3.30 on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, August 21. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

The Wall Street analyst weighs in

A number of equities research analysts recently commented on MPC shares. Piper Sandler reduced their price objective on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Raymond James cut their price target on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. cut their price objective on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company cut their target price on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $198.38, based on data from MarketBeat.

Check out our latest analysis of Marathon Petroleum

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through the Refining & Marketing and Midstream segments. The Refining and 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.

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