Private Advisor Group LLC Acquires 1,080 Shares of Marathon Petroleum Co. (NYSE:MPC)

Private Advisor Group LLC raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,221 shares of the oil and gas company’s stock after purchasing an additional 1,080 shares during the quarter. Private Advisor Group LLC’s holdings in Marathon Petroleum were worth $7,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc boosted its holdings in shares of Marathon Petroleum by 4.8% in the 3rd quarter. Accordant Advisory Group Inc now owns 15,267 shares of the oil and gas company’s stock worth $2,487,000 after purchasing an additional 700 shares during the period. Sequoia Financial Advisors LLC increased its position in Marathon Petroleum by 7.0% during the third quarter. Sequoia Financial Advisors LLC now owns 15,361 shares of the oil and gas company’s stock valued at $2,502,000 after acquiring an additional 1,006 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Marathon Petroleum by 9.1% in the third quarter. Oakworth Capital Inc. now owns 6,960 shares of the oil and gas company’s stock valued at $1,134,000 after acquiring an additional 578 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Marathon Petroleum by 96.0% in the 3rd quarter. Winch Advisory Services LLC now owns 545 shares of the oil and gas company’s stock worth $89,000 after acquiring an additional 267 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake 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 during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 0.3 %

Shares of NYSE MPC opened at $152.36 on Friday. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The business has a fifty day moving average price of $165.92 and a 200 day moving average price of $174.24. The stock has a market capitalization of $50.99 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same period last year, the business earned $5.32 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 8.71 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.17%. Marathon Petroleum’s payout ratio is 17.34%.

Wall Street Analyst Weigh In

MPC has been the subject of several analyst reports. Jefferies Financial Group raised their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. dropped their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Bank of America assumed coverage on Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price for the company. Barclays cut their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Scotiabank decreased their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Profile

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.