2 weeks Ago By ABMN Staff
Sunbelt Securities Inc. lifted its stake in shares of Marathon Petroleum Co. ( NYSE:MPC – Free Report ) by 16.
9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,604 shares of the oil and gas company’s stock after purchasing an additional 2,831 shares during the quarter. Sunbelt Securities Inc.
’s holdings in Marathon Petroleum were worth $3,401,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also made changes to their positions in MPC. Gryphon Financial Partners LLC grew its stake in shares of Marathon Petroleum by 81.
3% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock worth $627,000 after purchasing an additional 1,895 shares during the period. TD Asset Management Inc grew its stake in Marathon Petroleum by 1.
7% in the 4th quarter. TD Asset Management Inc now owns 155,841 shares of the oil and gas company’s stock valued at $23,121,000 after acquiring an additional 2,651 shares during the last quarter. Eagle Asset Management Inc.
acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $2,317,000. KBC Group NV grew its stake in Marathon Petroleum by 111.0% in the 4th quarter.
KBC Group NV now owns 271,822 shares of the oil and gas company’s stock valued at $40,327,000 after acquiring an additional 142,998 shares during the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $1,334,000. 76.
77% of the stock is owned by institutional investors and hedge funds. Marathon Petroleum Trading Up 0.1 % Shares of MPC stock opened at $163.
65 on Monday. The firm has a market cap of $57.66 billion, a P/E ratio of 8.
17, a PEG ratio of 2.59 and a beta of 1.38.
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 0.86, a current ratio of 1.
31 and a quick ratio of 0.90. The firm’s 50-day simple moving average is $169.
70 and its 200-day simple moving average is $179.17. Marathon Petroleum Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th.
Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st.
This represents a $3.30 annualized dividend and a yield of 2.02%.
Marathon Petroleum’s payout ratio is 16.48%. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the stock.
StockNews.com cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Wolfe Research started coverage on shares of Marathon Petroleum in a research note on Thursday, July 18th.
They issued an “outperform” rating and a $200.00 price objective on the stock. Tudor Pickering cut shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th.
JPMorgan Chase & Co. decreased their price target on shares of Marathon Petroleum from $191.00 to $186.
00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, Morgan Stanley decreased their price target on shares of Marathon Petroleum from $196.00 to $182.
00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $197.
69. Get Our Latest Analysis on MPC Marathon Petroleum Profile ( 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 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. Recommended Stories Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co.
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