Founders Financial Securities LLC Buys 924 Shares of Marathon Petroleum Co. (NYSE:MPC)

Founders Financial Securities LLC lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,972 shares of the oil and gas company’s stock after purchasing an additional 924 shares during the quarter. Founders Financial Securities LLC’s holdings in Marathon Petroleum were worth $863,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. NBC Securities Inc. increased its holdings in shares of Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after purchasing an additional 55 shares during the period. Guidance Capital Inc. increased its holdings in shares of Marathon Petroleum by 1.1% during the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock worth $1,135,000 after purchasing an additional 57 shares during the period. WR Wealth Planners LLC increased its holdings in shares of Marathon Petroleum by 15.2% during the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 57 shares during the period. Bruce G. Allen Investments LLC increased its holdings in shares of Marathon Petroleum by 27.3% during the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 59 shares during the period. Finally, First Financial Corp IN increased its holdings in shares of Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 1.2 %

Shares of NYSE:MPC opened at $171.75 on Thursday. The company has a fifty day moving average of $171.45 and a 200-day moving average of $180.32. The company has a market capitalization of $60.51 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40. 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 $139.32 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter in the previous year, the firm posted $5.32 earnings per share. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.825 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.92%. Marathon Petroleum’s dividend payout ratio is 16.48%.

Wall Street Analysts Forecast Growth

MPC has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research began coverage on Marathon Petroleum in a research note on Thursday, July 18th. They set an “outperform” rating and a $200.00 target price for the company. TD Cowen raised their target price on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Tudor Pickering upgraded Marathon Petroleum to a “strong-buy” rating in a research report on Thursday, May 30th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.38.

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.