Virtus ETF Advisers LLC Grows Holdings in Marathon Petroleum Corp (NYSE:MPC)

Virtus ETF Advisers LLC grew its stake in Marathon Petroleum Corp (NYSE:MPC) by 12,507.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,605 shares of the oil and gas company’s stock after acquiring an additional 41,275 shares during the period. Virtus ETF Advisers LLC’s holdings in Marathon Petroleum were worth $2,325,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MPC. Wealthcare Advisory Partners LLC raised its stake in shares of Marathon Petroleum by 345.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 508 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 394 shares during the period. AllSquare Wealth Management LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth approximately $32,000. Tarbox Family Office Inc. increased its stake in Marathon Petroleum by 51.5% during the 2nd quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock worth $32,000 after buying an additional 193 shares during the period. Next Capital Management LLC purchased a new stake in Marathon Petroleum during the 2nd quarter worth approximately $35,000. Finally, Farmers National Bank purchased a new stake in Marathon Petroleum during the 1st quarter worth approximately $36,000. 76.76% of the stock is currently owned by institutional investors and hedge funds.

NYSE MPC traded up $0.39 on Friday, hitting $53.58. 4,290,983 shares of the stock were exchanged, compared to its average volume of 5,743,435. The company has a quick ratio of 0.63, a current ratio of 1.24 and a debt-to-equity ratio of 0.69. Marathon Petroleum Corp has a fifty-two week low of $43.96 and a fifty-two week high of $88.45. The company has a market cap of $35.02 billion, a PE ratio of 7.90, a PEG ratio of 1.34 and a beta of 1.69. The company has a 50-day moving average price of $50.34 and a 200-day moving average price of $54.81.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.33 by $0.40. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The company had revenue of $33.70 billion during the quarter, compared to analysts’ expectations of $33.26 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The firm’s revenue was up 50.1% on a year-over-year basis. As a group, equities research analysts predict that Marathon Petroleum Corp will post 3.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.

MPC has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Marathon Petroleum in a research note on Tuesday, September 3rd. They set a “buy” rating and a $75.00 target price on the stock. ValuEngine raised shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Marathon Petroleum from a “hold” rating to a “strong sell” rating in a research note on Friday, May 17th. Morgan Stanley cut their target price on shares of Marathon Petroleum from $82.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, May 17th. Finally, Raymond James upped their target price on shares of Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $80.27.

About Marathon Petroleum

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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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