KCM Investment Advisors LLC decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,644 shares of the oil and gas company’s stock after selling 150 shares during the quarter. KCM Investment Advisors LLC’s holdings in Marathon Petroleum Corporation were worth $348,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of MPC. CGOV Asset Management increased its holdings in shares of Marathon Petroleum Corporation by 30.0% during the 1st quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock worth $875,000 after purchasing an additional 3,000 shares during the period. TIAA CREF Trust Co. FSB MO boosted its position in shares of Marathon Petroleum Corporation by 1.0% during the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 18,652 shares of the oil and gas company’s stock valued at $943,000 after acquiring an additional 193 shares in the last quarter. Boston Partners boosted its position in shares of Marathon Petroleum Corporation by 1.8% during the 1st quarter. Boston Partners now owns 14,798,820 shares of the oil and gas company’s stock valued at $747,933,000 after acquiring an additional 267,469 shares in the last quarter. Strategic Advisors LLC acquired a new stake in shares of Marathon Petroleum Corporation during the 1st quarter valued at about $249,000. Finally, Swift Run Capital Management LLC boosted its position in shares of Marathon Petroleum Corporation by 5.7% during the 1st quarter. Swift Run Capital Management LLC now owns 194,298 shares of the oil and gas company’s stock valued at $9,820,000 after acquiring an additional 10,404 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.
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Several brokerages have recently weighed in on MPC. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $54.83 target price (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. Cowen and Company lifted their target price on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, US Capital Advisors reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.67.
Marathon Petroleum Corporation (NYSE:MPC) opened at 52.96 on Friday. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 31.58 and a beta of 1.56. Marathon Petroleum Corporation has a 52-week low of $39.29 and a 52-week high of $56.81. The firm has a 50-day moving average of $52.82 and a 200-day moving average of $52.06.
Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, equities research analysts forecast that Marathon Petroleum Corporation will post $2.90 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.02%. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, August 14th. Marathon Petroleum Corporation’s dividend payout ratio is presently 90.91%.
About Marathon Petroleum Corporation
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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