Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its position in Marathon Petroleum Co. (NYSE:MPC) by 3,804.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,545 shares of the oil and gas company’s stock after buying an additional 5,403 shares during the period. Frank Rimerman Advisors LLC’s holdings in Marathon Petroleum were worth $962,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC raised its position in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Marathon Petroleum in the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Vima LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at approximately $30,000. Finally, TruNorth Capital Management LLC purchased a new stake in Marathon Petroleum in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPC. Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. StockNews.com downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Wolfe Research began coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company decreased 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $197.69.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $164.39 on Monday. The company has a market capitalization of $57.92 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. The firm has a fifty day simple moving average of $169.99 and a 200-day simple moving average of $179.83. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a twelve month low of $139.32 and a twelve month high of $221.11.

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

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.01%. Marathon Petroleum’s dividend payout ratio (DPR) 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.