Keybank National Association OH raised its holdings in Marathon Petroleum Corp (NYSE:MPC) by 10.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 113,951 shares of the oil and gas company’s stock after acquiring an additional 10,419 shares during the quarter. Keybank National Association OH’s holdings in Marathon Petroleum were worth $6,922,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Unison Advisors LLC raised its holdings in shares of Marathon Petroleum by 0.9% during the 2nd quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 191 shares in the last quarter. Tarbox Family Office Inc. raised its holdings in shares of Marathon Petroleum by 51.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 193 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Marathon Petroleum by 39.4% during the 3rd quarter. MCF Advisors LLC now owns 732 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 207 shares in the last quarter. SevenBridge Financial Group LLC raised its holdings in shares of Marathon Petroleum by 6.9% during the 2nd quarter. SevenBridge Financial Group LLC now owns 3,336 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 215 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its holdings in shares of Marathon Petroleum by 2.7% during the 2nd quarter. Point View Wealth Management Inc. now owns 8,357 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 220 shares in the last quarter. 76.62% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Petroleum stock traded down $0.02 during trading hours on Friday, reaching $66.23. The company had a trading volume of 3,966,704 shares, compared to its average volume of 6,629,100. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.63. The company has a 50-day moving average price of $63.09 and a 200 day moving average price of $54.98. The firm has a market cap of $43.14 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.58 and a beta of 1.70. Marathon Petroleum Corp has a 12-month low of $43.96 and a 12-month high of $69.65.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.33. The business had revenue of $31.20 billion for the quarter, compared to analysts’ expectations of $32.89 billion. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. As a group, research analysts expect that Marathon Petroleum Corp will post 4.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.12 dividend on an annualized basis and a yield of 3.20%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 31.27%.
A number of equities analysts recently weighed in on MPC shares. Wells Fargo & Co raised their price objective on Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Cowen raised their price objective on Marathon Petroleum from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price objective on Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Cfra cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Raymond James raised their price objective on Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Marathon Petroleum presently has an average rating of “Buy” and a consensus target price of $73.38.
Marathon Petroleum 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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