Marathon Petroleum Corp. (MPC) Shares Bought by Stillwater Capital Advisors LLC
Stillwater Capital Advisors LLC increased its position in Marathon Petroleum Corp. (NYSE:MPC) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,086 shares of the company’s stock after buying an additional 1,499 shares during the period. Marathon Petroleum Corp. makes up about 2.0% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position. Stillwater Capital Advisors LLC’s holdings in Marathon Petroleum Corp. were worth $7,026,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Marathon Petroleum Corp. during the first quarter valued at approximately $372,000. LPL Financial LLC boosted its stake in shares of Marathon Petroleum Corp. by 10.6% in the first quarter. LPL Financial LLC now owns 74,230 shares of the company’s stock worth $2,694,000 after buying an additional 7,093 shares during the last quarter. Babson Capital Management LLC boosted its stake in shares of Marathon Petroleum Corp. by 19.8% in the first quarter. Babson Capital Management LLC now owns 59,810 shares of the company’s stock worth $2,224,000 after buying an additional 9,900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Marathon Petroleum Corp. by 6.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,848 shares of the company’s stock worth $1,538,000 after buying an additional 2,456 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Marathon Petroleum Corp. by 51.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 22,713 shares of the company’s stock worth $844,000 after buying an additional 7,718 shares during the last quarter. 78.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Marathon Petroleum Corp. (NYSE:MPC) traded down 0.12% during trading on Friday, reaching $43.31. 4,892,630 shares of the company traded hands. The stock has a market capitalization of $22.87 billion, a PE ratio of 20.39 and a beta of 1.80. Marathon Petroleum Corp. has a 12-month low of $29.24 and a 12-month high of $59.99. The firm’s 50-day moving average is $42.49 and its 200-day moving average is $39.56.
Marathon Petroleum Corp. (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.81 by $0.23. The company earned $16.46 billion during the quarter, compared to the consensus estimate of $17.18 billion. Marathon Petroleum Corp. had a return on equity of 6.74% and a net margin of 1.84%. The business’s revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 EPS. On average, equities analysts predict that Marathon Petroleum Corp. will post $2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, November 14th. Marathon Petroleum Corp.’s dividend payout ratio is 67.61%.
A number of brokerages have recently issued reports on MPC. Piper Jaffray Cos. upped their target price on shares of Marathon Petroleum Corp. from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, September 16th. Vetr raised shares of Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $51.50 target price on the stock in a report on Monday, September 12th. Scotiabank reaffirmed a “sector perform” rating and issued a $47.00 target price (up from $45.00) on shares of Marathon Petroleum Corp. in a report on Friday, October 28th. Raymond James Financial Inc. raised shares of Marathon Petroleum Corp. from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $47.00 to $54.00 in a report on Monday, October 31st. Finally, Howard Weil upped their target price on shares of Marathon Petroleum Corp. from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Friday, October 28th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. Marathon Petroleum Corp. presently has a consensus rating of “Buy” and an average price target of $52.78.
About Marathon Petroleum Corp.
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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