Kestra Private Wealth Services LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,813 shares of the oil and gas company’s stock after selling 3,152 shares during the period. Kestra Private Wealth Services LLC’s holdings in Marathon Petroleum were worth $1,437,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of MPC. Ninety One UK Ltd increased its holdings in shares of Marathon Petroleum by 26.9% during the 1st quarter. Ninety One UK Ltd now owns 127,988 shares of the oil and gas company’s stock valued at $10,943,000 after purchasing an additional 27,139 shares in the last quarter. M Holdings Securities Inc. purchased a new stake in Marathon Petroleum in the 1st quarter worth $908,000. Advisory Services Network LLC increased its holdings in Marathon Petroleum by 36.1% in the 1st quarter. Advisory Services Network LLC now owns 32,766 shares of the oil and gas company’s stock worth $2,802,000 after acquiring an additional 8,683 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Marathon Petroleum by 33.4% in the 1st quarter. Neuberger Berman Group LLC now owns 50,676 shares of the oil and gas company’s stock worth $4,342,000 after acquiring an additional 12,701 shares in the last quarter. Finally, Toroso Investments LLC increased its holdings in Marathon Petroleum by 7.2% in the 1st quarter. Toroso Investments LLC now owns 15,551 shares of the oil and gas company’s stock worth $1,330,000 after acquiring an additional 1,049 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on MPC shares. BMO Capital Markets started coverage on shares of Marathon Petroleum in a report on Monday, June 13th. They issued an “outperform” rating and a $135.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Marathon Petroleum from $110.00 to $121.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Morgan Stanley upped their target price on shares of Marathon Petroleum from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, July 15th. Raymond James upped their target price on shares of Marathon Petroleum from $131.00 to $133.00 and gave the stock a “strong-buy” rating in a report on Friday, September 9th. Finally, Credit Suisse Group upped their target price on shares of Marathon Petroleum to $130.00 in a report on Thursday, June 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $115.58.
Insider Buying and Selling at Marathon Petroleum
Marathon Petroleum Trading Down 0.5 %
Shares of MPC stock opened at $95.65 on Friday. The company’s 50-day moving average price is $94.19 and its 200-day moving average price is $90.87. The company has a current ratio of 1.49, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. The stock has a market cap of $47.69 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.20 and a beta of 1.70. Marathon Petroleum Co. has a twelve month low of $56.08 and a twelve month high of $114.35.
Marathon Petroleum (NYSE:MPC – Get Rating) last posted its earnings results on Tuesday, August 2nd. The oil and gas company reported $10.61 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $5.63. Marathon Petroleum had a net margin of 5.09% and a return on equity of 23.85%. The company had revenue of $54.33 billion for the quarter, compared to analysts’ expectations of $44.26 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Marathon Petroleum’s revenue for the quarter was up 82.1% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum Co. will post 21.15 earnings per share for the current year.
Marathon Petroleum Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $2.32 dividend on an annualized basis and a yield of 2.43%. Marathon Petroleum’s payout ratio is currently 15.68%.
Marathon Petroleum Company Profile
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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