Stonebridge Capital Advisors LLC Purchases New Position in Marathon Petroleum Corp (NYSE:MPC)

Stonebridge Capital Advisors LLC purchased a new stake in Marathon Petroleum Corp (NYSE:MPC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,164 shares of the oil and gas company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MPC. Unison Advisors LLC lifted its holdings in shares of Marathon Petroleum by 0.9% during the second quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock worth $1,240,000 after purchasing an additional 191 shares during the period. Tarbox Family Office Inc. lifted its holdings in shares of Marathon Petroleum by 51.5% during the second quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 193 shares during the period. SevenBridge Financial Group LLC lifted its holdings in shares of Marathon Petroleum by 6.9% during the second quarter. SevenBridge Financial Group LLC now owns 3,336 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 215 shares during the period. Point View Wealth Management Inc. lifted its holdings in shares of Marathon Petroleum by 2.7% during the second quarter. Point View Wealth Management Inc. now owns 8,357 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 220 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in shares of Marathon Petroleum by 21.0% during the second quarter. Whitener Capital Management Inc. now owns 1,270 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 220 shares during the period. 76.50% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on MPC shares. Wells Fargo & Co increased their price target on Marathon Petroleum from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group started coverage on Marathon Petroleum in a report on Tuesday, September 3rd. They set a “buy” rating and a $75.00 price target for the company. Raymond James increased their price target on Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $79.18.



NYSE:MPC traded up $4.62 during trading hours on Wednesday, hitting $60.10. The company’s stock had a trading volume of 14,020,604 shares, compared to its average volume of 6,131,656. The business’s 50-day moving average is $49.93 and its two-hundred day moving average is $54.29. The company has a market capitalization of $36.27 billion, a PE ratio of 8.86, a PEG ratio of 1.41 and a beta of 1.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.63 and a current ratio of 1.24. Marathon Petroleum Corp has a 52-week low of $43.96 and a 52-week high of $88.45.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Tuesday, August 20th. Marathon Petroleum’s payout ratio is 31.27%.

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.

Read More: Derivative

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).

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.