DekaBank Deutsche Girozentrale cut its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,014 shares of the oil and gas company's stock after selling 6,515 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Marathon Petroleum were worth $24,857,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company's stock worth $27,000 after buying an additional 119 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 201 shares during the period. Hughes Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 1st quarter worth about $32,000. WPG Advisers LLC purchased a new position in shares of Marathon Petroleum in the 1st quarter worth about $32,000. Finally, Decker Retirement Planning Inc. raised its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 227 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Petroleum Price Performance
MPC stock opened at $188.52 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61. The firm has a market cap of $57.31 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. The stock has a 50-day simple moving average of $182.18 and a 200-day simple moving average of $165.87.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the previous year, the business earned $4.12 EPS. Marathon Petroleum's revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.9%. Marathon Petroleum's payout ratio is currently 54.01%.
Insider Transactions at Marathon Petroleum
In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on MPC shares. Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Bank of America raised their price objective on Marathon Petroleum from $184.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Morgan Stanley raised their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Wells Fargo & Company started coverage on Marathon Petroleum in a report on Friday, October 17th. They issued an "overweight" rating and a $214.00 price objective on the stock. Finally, Raymond James Financial restated an "outperform" rating and issued a $203.00 price objective (up from $199.00) on shares of Marathon Petroleum in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.31.
View Our Latest 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.
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