M Holdings Securities Inc. Purchases 4,080 Shares of Marathon Petroleum Corp (NYSE:MPC)

M Holdings Securities Inc. increased its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 35.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,448 shares of the oil and gas company’s stock after acquiring an additional 4,080 shares during the period. M Holdings Securities Inc.’s holdings in Marathon Petroleum were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Marathon Petroleum by 2.3% in the 2nd quarter. BlackRock Inc. now owns 56,398,616 shares of the oil and gas company’s stock worth $3,151,555,000 after buying an additional 1,251,901 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Marathon Petroleum by 52.4% in the 2nd quarter. Invesco Ltd. now owns 6,712,810 shares of the oil and gas company’s stock worth $375,112,000 after buying an additional 2,308,553 shares during the last quarter. Third Point LLC increased its holdings in shares of Marathon Petroleum by 14.3% in the 2nd quarter. Third Point LLC now owns 4,000,000 shares of the oil and gas company’s stock worth $223,520,000 after buying an additional 500,000 shares during the last quarter. FIL Ltd increased its holdings in shares of Marathon Petroleum by 14.3% in the 1st quarter. FIL Ltd now owns 3,625,905 shares of the oil and gas company’s stock worth $217,011,000 after buying an additional 453,564 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Marathon Petroleum by 12.0% in the 1st quarter. Wells Fargo & Company MN now owns 3,598,951 shares of the oil and gas company’s stock worth $215,396,000 after buying an additional 384,268 shares during the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.

MPC traded up $3.41 during trading on Wednesday, hitting $58.89. 404,991 shares of the stock traded hands, compared to its average volume of 6,131,656. The firm has a market capitalization of $36.27 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.41 and a beta of 1.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.63. The firm has a 50-day moving average of $49.93 and a 200 day moving average of $54.29. Marathon Petroleum Corp has a 12-month low of $43.96 and a 12-month high of $88.45.



Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.40. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The business had revenue of $33.70 billion during the quarter, compared to analysts’ expectations of $33.26 billion. During the same quarter in the prior year, the company posted $2.27 EPS. The firm’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum Corp will post 3.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a $0.53 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.12 annualized dividend and a dividend yield of 3.60%. Marathon Petroleum’s payout ratio is 31.27%.

A number of brokerages have recently issued reports on MPC. Raymond James upped their price objective on shares of Marathon Petroleum from $72.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Jefferies Financial Group began coverage on shares of Marathon Petroleum in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Wells Fargo & Co upped their price objective on shares of Marathon Petroleum from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum presently has an average rating of “Buy” and an average price target of $79.18.

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; 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.

Further Reading: Profit margin is different from the revenue

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.