PDS Planning Inc Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

PDS Planning Inc increased its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,851 shares of the oil and gas company’s stock after buying an additional 130 shares during the period. PDS Planning Inc’s holdings in Marathon Petroleum were worth $464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC grew its stake in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth approximately $29,000. Harbor Capital Advisors Inc. bought a new stake in shares of Marathon Petroleum in the third quarter worth $30,000. Wellington Shields & Co. LLC acquired a new stake in Marathon Petroleum in the first quarter valued at $40,000. Finally, TruNorth Capital Management LLC bought a new position in Marathon Petroleum during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $144.94 on Tuesday. The company has a market capitalization of $48.51 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 2.74 and a beta of 1.38. The firm’s 50 day simple moving average is $162.00 and its 200 day simple moving average is $170.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter in the prior year, the company earned $5.32 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, November 20th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s payout ratio is 17.34%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Tudor Pickering lowered Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Bank of America started coverage on Marathon Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $174.00 price objective on the stock. Mizuho lowered their target price on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Morgan Stanley reduced their price target on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Barclays dropped their price objective on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.00.

Read Our Latest Stock Analysis on MPC

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. 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 and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

Further Reading

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

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