Certified Advisory Corp increased its holdings in Marathon Petroleum Corp (NYSE:MPC) by 71.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 476 shares of the oil and gas company’s stock after buying an additional 198 shares during the period. Certified Advisory Corp’s holdings in Marathon Petroleum were worth $28,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Marathon Petroleum by 44.1% during the second quarter. Bank of New York Mellon Corp now owns 7,506,332 shares of the oil and gas company’s stock valued at $526,645,000 after purchasing an additional 2,297,774 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Marathon Petroleum by 7.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 49,685 shares of the oil and gas company’s stock valued at $3,973,000 after purchasing an additional 3,586 shares in the last quarter. City Holding Co. boosted its position in shares of Marathon Petroleum by 8.5% during the third quarter. City Holding Co. now owns 17,587 shares of the oil and gas company’s stock valued at $1,406,000 after purchasing an additional 1,375 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $17,824,000. Finally, Campbell Newman Asset Management Inc. bought a new stake in shares of Marathon Petroleum during the third quarter valued at approximately $9,434,000. 60.89% of the stock is owned by institutional investors and hedge funds.
In other Marathon Petroleum news, Director Steven A. Davis purchased 2,500 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Davis purchased 3,500 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $62.14 per share, with a total value of $217,490.00. The disclosure for this purchase can be found here. 1.09% of the stock is owned by insiders.
Shares of NYSE:MPC opened at $61.72 on Tuesday. The firm has a market cap of $43.34 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.64 and a beta of 1.36. Marathon Petroleum Corp has a 12-month low of $54.29 and a 12-month high of $88.45. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.43. The business had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $34.16 billion. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, research analysts anticipate that Marathon Petroleum Corp will post 6.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.12 annualized dividend and a dividend yield of 3.43%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.46. Marathon Petroleum’s payout ratio is currently 27.14%.
Several equities research analysts recently weighed in on MPC shares. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Cowen reiterated an “outperform” rating and set a $101.00 price objective (up previously from $87.00) on shares of Marathon Petroleum in a research note on Thursday, December 6th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Finally, Citigroup lowered their price objective on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, December 6th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.41.
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Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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