Dubuque Bank & Trust Co. Has $2.41 Million Stake in Marathon Petroleum Corp (NYSE:MPC)

Dubuque Bank & Trust Co. raised its position in Marathon Petroleum Corp (NYSE:MPC) by 0.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 39,650 shares of the oil and gas company’s stock after purchasing an additional 330 shares during the period. Dubuque Bank & Trust Co.’s holdings in Marathon Petroleum were worth $2,409,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Old North State Trust LLC lifted its position in shares of Marathon Petroleum by 209.1% in the 3rd quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 322 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Marathon Petroleum by 345.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 508 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 394 shares during the period. Tarbox Family Office Inc. lifted its position in shares of Marathon Petroleum by 51.5% in the 2nd quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 193 shares during the period. Next Capital Management LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at $35,000. Finally, Thor Advisors LLC bought a new stake in shares of Marathon Petroleum in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.

MPC has been the subject of several research analyst reports. Cowen lifted their price objective on shares of Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, September 25th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Wells Fargo & Co lifted their price objective on shares of Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Mizuho set a $90.00 price objective on shares of Marathon Petroleum and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $74.20.

Shares of NYSE:MPC traded up $1.37 during mid-day trading on Thursday, hitting $61.93. The company had a trading volume of 3,727,616 shares, compared to its average volume of 7,266,604. The company has a market capitalization of $39.76 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.71. The firm has a fifty day moving average price of $53.90 and a 200 day moving average price of $54.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.63. Marathon Petroleum Corp has a one year low of $43.96 and a one year high of $85.06.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.40. The business had revenue of $33.70 billion during the quarter, compared to analyst estimates of $33.26 billion. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. Marathon Petroleum’s quarterly revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.27 EPS. Research analysts expect that Marathon Petroleum Corp will post 3.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.12 dividend on an annualized basis and a yield of 3.42%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.

About Marathon Petroleum

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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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