Janney Montgomery Scott LLC boosted its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 6.7% during the 4th quarter, HoldingsChannel reports. The fund owned 60,524 shares of the oil and gas company’s stock after buying an additional 3,781 shares during the period. Janney Montgomery Scott LLC’s holdings in Marathon Petroleum were worth $3,572,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of MPC. Polaris Greystone Financial Group LLC boosted its stake in Marathon Petroleum by 40,590.6% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 310,062 shares of the oil and gas company’s stock worth $24,796,000 after purchasing an additional 309,300 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in Marathon Petroleum by 73.3% in the 3rd quarter. Point72 Hong Kong Ltd now owns 19,007 shares of the oil and gas company’s stock valued at $1,520,000 after acquiring an additional 8,040 shares during the period. Quadrant Capital Group LLC boosted its stake in Marathon Petroleum by 170.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,209 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 2,022 shares during the last quarter. First Trust Advisors LP boosted its stake in Marathon Petroleum by 60.2% during the 3rd quarter. First Trust Advisors LP now owns 624,380 shares of the oil and gas company’s stock worth $49,932,000 after purchasing an additional 234,641 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Marathon Petroleum by 27.6% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 81,964 shares of the oil and gas company’s stock worth $6,555,000 after purchasing an additional 17,733 shares during the last quarter. Institutional investors own 60.89% of the company’s stock.
MPC stock opened at $61.72 on Tuesday. The company has a market cap of $43.34 billion, a P/E ratio of 9.10, a PEG ratio of 0.64 and a beta of 1.36. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. Marathon Petroleum Corp has a 12-month low of $54.29 and a 12-month high of $88.45.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.43. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The company had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $34.16 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 53.2% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Corp will post 6.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.43%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 27.14%.
In other Marathon Petroleum news, Director Steven A. Davis acquired 2,500 shares of Marathon Petroleum stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of $62.20 per share, with a total value of $155,500.00. Following the purchase, the director now owns 16,462 shares in the company, valued at $1,023,936.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.09% of the company’s stock.
MPC has been the topic of several recent research reports. Cowen reissued an “outperform” rating and set a $101.00 price target (up previously from $87.00) on shares of Marathon Petroleum in a research report on Thursday, December 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Citigroup upped their target price on shares of Marathon Petroleum from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Macquarie began coverage on shares of Marathon Petroleum in a research note on Tuesday, February 5th. They set an “outperform” rating and a $67.18 target price on the stock. Finally, ValuEngine downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $92.41.
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, Speedway 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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