Sequoia Financial Advisors LLC Has $2.50 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Sequoia Financial Advisors LLC boosted its stake in Marathon Petroleum Co. (NYSE:MPC) by 7.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,361 shares of the oil and gas company’s stock after buying an additional 1,006 shares during the period. Sequoia Financial Advisors LLC’s holdings in Marathon Petroleum were worth $2,502,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oakworth Capital Inc. grew its position in shares of Marathon Petroleum by 9.1% during the 3rd quarter. Oakworth Capital Inc. now owns 6,960 shares of the oil and gas company’s stock worth $1,134,000 after purchasing an additional 578 shares in the last quarter. Winch Advisory Services LLC grew its position in shares of Marathon Petroleum by 96.0% during the 3rd quarter. Winch Advisory Services LLC now owns 545 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 267 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of Marathon Petroleum by 7.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,874 shares of the oil and gas company’s stock worth $305,000 after purchasing an additional 135 shares in the last quarter. Venture Visionary Partners LLC grew its position in shares of Marathon Petroleum by 2.1% during the 3rd quarter. Venture Visionary Partners LLC now owns 56,741 shares of the oil and gas company’s stock worth $9,244,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $84,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group increased their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. cut their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Barclays cut their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Mizuho cut their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company cut their price target on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $153.76 on Thursday. The firm has a market cap of $54.17 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. The firm’s fifty day moving average is $166.48 and its 200-day moving average is $174.39. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.32 earnings per share. Sell-side analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.15%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

About Marathon Petroleum

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.