L & S Advisors Inc purchased a new position in shares of Marathon Petroleum Corp (NYSE:MPC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,565 shares of the oil and gas company’s stock, valued at approximately $1,391,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hanson McClain Inc. bought a new position in shares of Marathon Petroleum during the fourth quarter worth $25,000. Certified Advisory Corp boosted its position in shares of Marathon Petroleum by 71.2% during the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 198 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth $30,000. Claybrook Capital LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth $30,000. Finally, Kistler Tiffany Companies LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth $30,000. 76.09% of the stock is currently owned by institutional investors.
MPC has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Cowen reduced their price target on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 28th. Citigroup reduced their price target on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, December 6th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, Standpoint Research started coverage on shares of Marathon Petroleum in a report on Wednesday, December 26th. They set an “accumulate” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $92.09.
Shares of NYSE:MPC traded up $0.96 during midday trading on Friday, reaching $60.65. 2,245,903 shares of the company were exchanged, compared to its average volume of 6,250,273. Marathon Petroleum Corp has a fifty-two week low of $54.29 and a fifty-two week high of $88.45. The company has a quick ratio of 0.62, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.62 and a beta of 1.38.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.43. Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The business had revenue of $32.54 billion for the quarter, compared to analyst estimates of $34.16 billion. During the same period last year, the business posted $1.05 earnings per share. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. Research analysts expect that Marathon Petroleum Corp will post 6.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 20th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.
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Marathon Petroleum Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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