Caliber Wealth Management LLC KS Lowers Holdings in Marathon Petroleum Corporation $MPC

Caliber Wealth Management LLC KS trimmed its position in Marathon Petroleum Corporation (NYSE:MPC) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,857 shares of the oil and gas company’s stock after selling 2,552 shares during the period. Caliber Wealth Management LLC KS’s holdings in Marathon Petroleum were worth $4,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Associated Banc Corp increased its position in shares of Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 52 shares during the last quarter. CoreCap Advisors LLC grew its position in Marathon Petroleum by 2.6% in the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 59 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in Marathon Petroleum by 1.6% in the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock valued at $760,000 after acquiring an additional 63 shares during the last quarter. Warwick Investment Management Inc. lifted its stake in Marathon Petroleum by 4.6% during the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 63 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management boosted its holdings in shares of Marathon Petroleum by 4.2% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $203.25 on Friday. The business’s fifty day moving average is $177.64 and its 200 day moving average is $181.14. The stock has a market cap of $61.10 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.45 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $204.37.

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

Marathon Petroleum Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MPC shares. Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research note on Friday, January 16th. Raymond James Financial boosted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. TD Cowen raised their price target on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research report on Wednesday. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.88.

Marathon Petroleum Company 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.