Symmetry Investments LP Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Symmetry Investments LP raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 126.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,866 shares of the oil and gas company’s stock after purchasing an additional 9,992 shares during the period. Symmetry Investments LP’s holdings in Marathon Petroleum were worth $3,099,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Gryphon Financial Partners LLC raised its stake in Marathon Petroleum by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock worth $627,000 after buying an additional 1,895 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of Marathon Petroleum by 7.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,642 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 109 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Marathon Petroleum by 17.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,826 shares of the oil and gas company’s stock worth $419,000 after purchasing an additional 430 shares during the last quarter. Franklin Resources Inc. boosted its position in Marathon Petroleum by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock valued at $102,675,000 after purchasing an additional 103,471 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC boosted its position in Marathon Petroleum by 24.5% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 1,758 shares of the oil and gas company’s stock valued at $261,000 after purchasing an additional 346 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of several analyst reports. Mizuho decreased their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Jefferies Financial Group upped 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. Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Finally, Scotiabank reduced their target price on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $197.69.

Marathon Petroleum Trading Down 1.2 %

Shares of NYSE:MPC opened at $164.34 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. Marathon Petroleum Co. has a 52-week low of $139.32 and a 52-week high of $221.11. The stock has a market cap of $57.90 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 2.09 and a beta of 1.38. The business has a 50-day moving average price of $169.99 and a 200-day moving average price of $179.77.

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 analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same period last year, the firm posted $5.32 EPS. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.01%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

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.