Frontier Investment Mgmt Co. bought a new stake in shares of Marathon Petroleum Corp (NYSE:MPC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,511 shares of the oil and gas company’s stock, valued at approximately $232,000.
A number of other institutional investors also recently made changes to their positions in the business. Centaurus Financial Inc. bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $1,238,000. Valeo Financial Advisors LLC lifted its holdings in shares of Marathon Petroleum by 155.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,120 shares of the oil and gas company’s stock worth $206,000 after acquiring an additional 1,900 shares during the last quarter. Ferris Capital LLC lifted its holdings in shares of Marathon Petroleum by 11.8% in the 4th quarter. Ferris Capital LLC now owns 64,654 shares of the oil and gas company’s stock worth $4,266,000 after acquiring an additional 6,800 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Marathon Petroleum by 48.8% in the 4th quarter. Virtu Financial LLC now owns 19,602 shares of the oil and gas company’s stock worth $1,293,000 after acquiring an additional 6,429 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Marathon Petroleum by 61.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,108 shares of the oil and gas company’s stock worth $403,000 after acquiring an additional 2,329 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
A number of brokerages have recently weighed in on MPC. Zacks Investment Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Citigroup boosted their price objective on shares of Marathon Petroleum from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating and issued a $90.00 price objective (up from $88.00) on shares of Marathon Petroleum in a report on Tuesday. Credit Suisse Group reiterated an “outperform” rating and set a $89.00 price target on shares of Marathon Petroleum in a report on Wednesday, March 7th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $90.00 price target on shares of Marathon Petroleum in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Marathon Petroleum has an average rating of “Buy” and a consensus price target of $79.08.
Marathon Petroleum Corp (MPC) traded up $0.12 during trading hours on Wednesday, reaching $69.36. 3,324,887 shares of the company were exchanged, compared to its average volume of 4,260,000. The company has a quick ratio of 0.75, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. The company has a market cap of $33,020.00, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.99 and a beta of 1.51. Marathon Petroleum Corp has a 52 week low of $47.78 and a 52 week high of $73.53.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. Marathon Petroleum had a net margin of 4.60% and a return on equity of 9.90%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. research analysts predict that Marathon Petroleum Corp will post 4.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.46 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 48.29%.
In related news, Director Charles E. Bunch acquired 1,500 shares of Marathon Petroleum stock in a transaction on Tuesday, March 6th. The shares were acquired at an average cost of $67.38 per share, with a total value of $101,070.00. Following the transaction, the director now owns 12,853 shares in the company, valued at $866,035.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas M. Kelley sold 35,604 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total transaction of $2,305,359.00. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.
Marathon Petroleum Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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