Huntington National Bank Has $2.45 Million Holdings in Marathon Petroleum Corp (NYSE:MPC)

Huntington National Bank lessened its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 26.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,430 shares of the oil and gas company’s stock after selling 23,972 shares during the period. Huntington National Bank’s holdings in Marathon Petroleum were worth $2,446,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BancorpSouth Bank lifted its holdings in shares of Marathon Petroleum by 3.7% during the first quarter. BancorpSouth Bank now owns 8,876 shares of the oil and gas company’s stock worth $210,000 after purchasing an additional 318 shares during the period. Terril Brothers Inc. lifted its holdings in shares of Marathon Petroleum by 2.2% during the first quarter. Terril Brothers Inc. now owns 15,812 shares of the oil and gas company’s stock worth $373,000 after purchasing an additional 335 shares during the period. Trustcore Financial Services LLC lifted its holdings in shares of Marathon Petroleum by 49.7% during the second quarter. Trustcore Financial Services LLC now owns 1,027 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 341 shares during the period. CSat Investment Advisory L.P. lifted its holdings in shares of Marathon Petroleum by 13.8% during the first quarter. CSat Investment Advisory L.P. now owns 3,142 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 381 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Marathon Petroleum by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 28,000 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 400 shares during the period. Institutional investors own 73.54% of the company’s stock.

MPC opened at $38.20 on Friday. Marathon Petroleum Corp has a 1-year low of $15.26 and a 1-year high of $69.65. The company has a current ratio of 1.16, a quick ratio of 0.61 and a debt-to-equity ratio of 1.02. The company has a market cap of $24.84 billion, a P/E ratio of -3.73 and a beta of 2.22. The company has a fifty day moving average price of $37.01 and a two-hundred day moving average price of $38.13.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.15. Marathon Petroleum had a negative net margin of 5.48% and a positive return on equity of 7.88%. The firm had revenue of $24.08 billion during the quarter, compared to the consensus estimate of $27.96 billion. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue was down 15.8% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum Corp will post -2.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Tuesday, August 18th. Marathon Petroleum’s payout ratio is presently 46.96%.

Several equities analysts recently issued reports on MPC shares. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Friday, April 17th. Jefferies Financial Group boosted their target price on shares of Marathon Petroleum from $47.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Scotiabank dropped their target price on shares of Marathon Petroleum from $51.00 to $48.00 and set a “sector outperform” rating on the stock in a report on Monday, July 13th. Mizuho dropped their target price on shares of Marathon Petroleum from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, TheStreet lowered shares of Marathon Petroleum from a “c” rating to a “d” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.64.

About Marathon Petroleum

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; Retail; 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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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