Jones Financial Companies Lllp Acquires 21,425 Shares of Marathon Petroleum Corporation $MPC

Jones Financial Companies Lllp increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,161 shares of the oil and gas company’s stock after purchasing an additional 21,425 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.11% of Marathon Petroleum worth $66,736,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MPC. Delos Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum in the second quarter worth $25,000. Activest Wealth Management increased its holdings in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. NewSquare Capital LLC increased its holdings in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $33,000. Finally, Transce3nd LLC boosted its holdings in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 205 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James Financial lifted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Citigroup reduced their price objective on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Wall Street Zen cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Mizuho raised their target price on shares of Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Finally, Zacks Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.19.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $176.75 on Tuesday. The firm has a market capitalization of $53.13 billion, a PE ratio of 18.84, a PEG ratio of 1.81 and a beta of 0.74. The stock’s fifty day moving average is $177.35 and its 200 day moving average is $180.61. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. On average, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 42.64%.

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.