1,291 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by Claro Advisors LLC

Claro Advisors LLC purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,291 shares of the oil and gas company’s stock, valued at approximately $224,000.

A number of other institutional investors also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC boosted its stake in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the first quarter worth about $29,000. ICA Group Wealth Management LLC bought a new stake in Marathon Petroleum in the fourth quarter worth about $30,000. Vima LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Finally, Manchester Capital Management LLC boosted its position in shares of Marathon Petroleum by 97.2% during the 4th quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 106 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 3.6 %

MPC stock opened at $177.12 on Tuesday. The company has a 50 day moving average of $171.53 and a two-hundred day moving average of $180.36. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 12-month low of $139.32 and a 12-month high of $221.11. The company has a market cap of $62.40 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 2.33 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same period last year, the company earned $5.32 earnings per share. Marathon Petroleum’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.86%. Marathon Petroleum’s payout ratio is 16.48%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Mizuho dropped their target price on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Barclays dropped their price target on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.38.

Marathon Petroleum Profile

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.