Marathon Petroleum Corp (NYSE:MPC) Shares Sold by Tdam USA Inc.
Tdam USA Inc. reduced its position in Marathon Petroleum Corp (NYSE:MPC) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,159 shares of the oil and gas company’s stock after selling 999 shares during the quarter. Tdam USA Inc.’s holdings in Marathon Petroleum were worth $1,238,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC boosted its stake in shares of Marathon Petroleum by 7.7% in the 1st quarter. Squar Milner Financial Services LLC now owns 2,353 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 168 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Marathon Petroleum by 0.7% in the 1st quarter. LS Investment Advisors LLC now owns 26,169 shares of the oil and gas company’s stock valued at $1,566,000 after buying an additional 188 shares during the period. Unison Advisors LLC boosted its stake in shares of Marathon Petroleum by 0.9% in the 2nd quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock valued at $1,240,000 after buying an additional 191 shares during the period. Parallel Advisors LLC boosted its stake in shares of Marathon Petroleum by 2.3% in the 1st quarter. Parallel Advisors LLC now owns 8,721 shares of the oil and gas company’s stock valued at $522,000 after buying an additional 194 shares during the period. Finally, SevenBridge Financial Group LLC boosted its stake in shares of Marathon Petroleum by 6.9% in the 2nd quarter. SevenBridge Financial Group LLC now owns 3,336 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 215 shares during the period. 76.94% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on MPC shares. Wells Fargo & Co decreased their target price on Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Cowen cut Marathon Petroleum from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $90.00 to $65.00 in a research note on Friday, May 10th. ValuEngine upgraded Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 22nd. Zacks Investment Research cut Marathon Petroleum from a “hold” rating to a “strong sell” rating in a research note on Friday, May 17th. Finally, Morgan Stanley decreased their target price on Marathon Petroleum from $82.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $82.62.
MPC stock traded down $2.72 during trading on Wednesday, hitting $44.43. 306,671 shares of the company’s stock were exchanged, compared to its average volume of 6,663,397. The firm’s 50-day moving average price is $53.98. The firm has a market capitalization of $30.08 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. Marathon Petroleum Corp has a 52-week low of $45.47 and a 52-week high of $88.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.63.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share for the quarter, topping the 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%. The firm’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, equities research analysts predict that Marathon Petroleum Corp will post 4.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.77%. The ex-dividend date is Tuesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 31.27%.
Marathon Petroleum Company Profile
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.
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