Duff & Phelps Investment Management Co. Purchases 26,375 Shares of Marathon Petroleum Co. (NYSE:MPC)

Duff & Phelps Investment Management Co. increased its position in Marathon Petroleum Co. (NYSE:MPC) by 51.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,480 shares of the oil and gas company’s stock after purchasing an additional 26,375 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Marathon Petroleum were worth $13,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MPC. NBC Securities Inc. lifted its position in Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after buying an additional 55 shares during the period. Guidance Capital Inc. lifted its position in Marathon Petroleum by 1.1% during the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after acquiring an additional 57 shares during the period. WR Wealth Planners LLC boosted its stake in Marathon Petroleum by 15.2% during the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Marathon Petroleum by 27.3% in the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 59 shares during the period. Finally, First Financial Corp IN increased its stake in shares of Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after purchasing an additional 59 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

NYSE MPC opened at $163.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $57.66 billion, a P/E ratio of 8.17, a PEG ratio of 2.59 and a beta of 1.38. The company has a 50-day moving average price of $169.70 and a 200-day moving average price of $179.24. Marathon Petroleum Co. has a 52 week low of $139.32 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same period last year, the firm earned $5.32 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post 10.56 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business 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 $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price target on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Mizuho dropped their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Hold” and a consensus target price of $197.69.

About Marathon Petroleum

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.