Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 80.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,296 shares of the oil and gas company’s stock after selling 217,289 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Marathon Petroleum were worth $2,978,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC grew its stake in Marathon Petroleum by 19.1% during the second quarter. Baker Ellis Asset Management LLC now owns 29,173 shares of the oil and gas company’s stock valued at $1,630,000 after acquiring an additional 4,675 shares in the last quarter. Shepherd Kaplan Krochuk LLC grew its holdings in shares of Marathon Petroleum by 37.0% in the 2nd quarter. Shepherd Kaplan Krochuk LLC now owns 31,100 shares of the oil and gas company’s stock valued at $1,738,000 after buying an additional 8,395 shares during the period. LPL Financial LLC grew its stake in Marathon Petroleum by 22.3% in the 2nd quarter. LPL Financial LLC now owns 162,905 shares of the oil and gas company’s stock valued at $9,103,000 after buying an additional 29,711 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Marathon Petroleum by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,337,041 shares of the oil and gas company’s stock valued at $186,474,000 after buying an additional 55,980 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Marathon Petroleum by 34.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 67,756 shares of the oil and gas company’s stock valued at $3,786,000 after buying an additional 17,457 shares during the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.
Shares of NYSE MPC opened at $50.66 on Thursday. The firm has a market cap of $32.68 billion, a PE ratio of 7.47, a PEG ratio of 1.18 and a beta of 1.69. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. Marathon Petroleum Corp has a 1-year low of $43.96 and a 1-year high of $88.45. The company has a fifty day moving average price of $50.63 and a 200 day moving average price of $55.23.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.40. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The firm had revenue of $33.70 billion during the quarter, compared to analysts’ expectations of $33.26 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue was up 50.1% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Corp will post 4.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 4.18%. The ex-dividend date is Tuesday, August 20th. Marathon Petroleum’s dividend payout ratio is 31.27%.
In other Marathon Petroleum news, Director James E. Rohr purchased 12,500 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of $48.14 per share, with a total value of $601,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.
Several analysts recently issued reports on MPC shares. Jefferies Financial Group started coverage on shares of Marathon Petroleum in a research report on Tuesday. They set a “buy” rating and a $75.00 price target on the stock. Wells Fargo & Co decreased their price objective on shares of Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Cowen lowered shares of Marathon Petroleum from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $90.00 to $65.00 in a report on Friday, May 10th. Raymond James upped their target price on shares of Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their target price on shares of Marathon Petroleum from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.93.
Marathon Petroleum Company Profile
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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