HB Wealth Management LLC acquired a new stake in Marathon Petroleum Co. (NYSE: MPC – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,423 shares of the oil and gas company stock, valued at approximately $ 411,000.
Several other institutional investors have also bought and sold shares of MPC. Center for Financial Planning Inc. raised its holdings in shares of Marathon Petroleum by 5.4% during the 3rd quarter. Center for Financial Planning Inc. now owns 3,295 shares of the oil and gas company stock worth $ 204,000 after buying an additional 169 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Marathon Petroleum by 31.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 25,391 shares of oil and gas company stock worth $ 1,284,000 after buying an additional 6,067 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth $ 1,584,000. Beacon Pointe Advisors LLC raised its holdings in shares of Marathon Petroleum by 8.1% during the 3rd quarter. Beacon Pointe Advisors LLC now owns 7,427 shares of the oil and gas company stock worth $ 459,000 after buying an additional 558 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Marathon Petroleum by 11.0% during the 3rd quarter. LPL Financial LLC now owns 358,350 shares of the oil and gas company stock worth $ 22,150,000 after buying an additional 35,629 shares in the last quarter. 80.91% of the stock is owned by institutional investors.
In other news, Director Kim KW Rucker sold 5,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $ 83.00, for a total value of $ 415,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Raymond L. Brooks sold 133,857 shares of Marathon Petroleum stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $ 96.82, for a total value of $ 12,960,034.74. Following the completion of the transaction, the vice president now owns 63,248 shares in the company, valued at approximately $ 6,123,671.36. The disclosure for this sale can be found here. Company insiders own 0.28% of the company stock.
A number of equities analysts have issued reports on the company. StockNews.com initiated coverage on Marathon Petroleum in a report on Thursday, March 31st. They issued a “buy” rating for the company. BMO Capital Markets began coverage on Marathon Petroleum in a research report on Monday. They set an “outperform” rating on the stock. The Goldman Sachs Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and increased their price target for the stock from $ 90.00 to $ 102.00 in a report on Monday, May 16th. Raymond James increased their price objective on Marathon Petroleum from $ 98.00 to $ 110.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 8th. Finally, Wells Fargo & Company increased their price target on Marathon Petroleum from $ 91.00 to $ 110.00 and gave the company an “overweight” rating in a research report on Thursday, April 21st. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $ 103.91.
NYSE MPC opened at $ 102.17 on Tuesday. The stock’s 50-day simple moving average is $ 94.82 and its two-hundred day simple moving average is $ 80.47. Marathon Petroleum Co. has a twelve month low of $ 50.19 and a twelve month high of $ 114.35. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $ 55.27 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.40 and a beta of 1.76.
Marathon Petroleum (NYSE: MPC – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The oil and gas company reported $ 1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $ 1.12 by $ 0.37. Marathon Petroleum had a return on equity of 7.60% and a net margin of 7.93%. The business had revenue of $ 38.38 billion for the quarter, compared to the consensus estimate of $ 32.46 billion. During the same quarter last year, the business posted ($ 0.20) earnings per share. The company revenue for the quarter was up 67.7% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Co. will post 13.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Wednesday, May 18th were given a dividend of $ 0.58 per share. The ex-dividend date was Tuesday, May 17th. This represents a $ 2.32 dividend on an annualized basis and a yield of 2.27%. Marathon Petroleum’s payout ratio is 13.77%.
Marathon Petroleum Profile: (Get Rating)
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.
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