Buckingham Capital Management Inc. Has $666,000 Holdings in Marathon Petroleum Corporation (MPC)
Buckingham Capital Management Inc. trimmed its stake in Marathon Petroleum Corporation (NYSE:MPC) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,735 shares of the oil and gas company’s stock after selling 160 shares during the period. Buckingham Capital Management Inc.’s holdings in Marathon Petroleum Corporation were worth $666,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Blue Chip Partners Inc. bought a new stake in Marathon Petroleum Corporation in the second quarter valued at $100,000. Guardian Life Insurance Co. of America grew its position in Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 14 shares during the period. FTB Advisors Inc. grew its position in Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 1,697 shares during the period. Lee Financial Co grew its position in Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after acquiring an additional 48 shares during the period. Finally, Jacobi Capital Management LLC grew its position in Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 570 shares during the period. Hedge funds and other institutional investors own 78.85% of the company’s stock.
Marathon Petroleum Corporation (NYSE:MPC) traded up 0.177% during trading on Tuesday, reaching $53.845. The company had a trading volume of 1,401,890 shares. Marathon Petroleum Corporation has a 12-month low of $39.29 and a 12-month high of $56.81. The firm’s 50 day moving average price is $53.12 and its 200 day moving average price is $52.00. The firm has a market capitalization of $27.26 billion, a PE ratio of 32.108 and a beta of 1.56.
Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The firm had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. Analysts anticipate that Marathon Petroleum Corporation will post $2.90 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Monday, August 14th. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s payout ratio is 90.91%.
MPC has been the topic of several research analyst reports. US Capital Advisors restated a “buy” rating on shares of Marathon Petroleum Corporation in a report on Monday, May 22nd. Royal Bank Of Canada restated a “buy” rating and set a $69.00 target price on shares of Marathon Petroleum Corporation in a report on Thursday, June 1st. BidaskClub upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $54.83 target price (down previously from $65.00) on shares of Marathon Petroleum Corporation in a report on Thursday, July 20th. Finally, Credit Suisse Group restated a “buy” rating and set a $64.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.16.
In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total value of $1,358,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.05% of the company’s stock.
Marathon Petroleum Corporation Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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