Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 176,626 shares of the oil and gas company’s stock after buying an additional 2,155 shares during the period. Toronto Dominion Bank’s holdings in Marathon Petroleum were worth $30,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its holdings in shares of Marathon Petroleum by 400.0% during the first 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 during the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the 1st quarter valued at approximately $29,000. ICA Group Wealth Management LLC bought a new position in Marathon Petroleum during the 4th quarter worth $30,000. Vima LLC acquired a new stake in Marathon Petroleum in the fourth quarter worth $30,000. Finally, TruNorth Capital Management LLC bought a new stake in Marathon Petroleum in the second quarter valued at $35,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $161.66 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The firm’s 50 day moving average is $169.83 and its 200-day moving average is $179.61. Marathon Petroleum Co. has a 12-month low of $139.32 and a 12-month high of $221.11. The stock has a market capitalization of $56.96 billion, a P/E ratio of 8.07, a P/E/G ratio of 2.59 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results 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. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.32 earnings per share. Equities research analysts anticipate that Marathon Petroleum Co. will post 10.56 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is 16.48%.

Analysts Set New Price Targets

Several research firms have recently commented on MPC. TD Cowen upped their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Scotiabank dropped their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company reduced 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. StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Morgan Stanley reduced their price target on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $197.69.

Marathon Petroleum Company 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.