SPC Financial Inc. Acquires 756 Shares of Marathon Petroleum Co. (NYSE:MPC)

SPC Financial Inc. lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,279 shares of the oil and gas company’s stock after acquiring an additional 756 shares during the period. SPC Financial Inc.’s holdings in Marathon Petroleum were worth $4,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPC. FinTrust Capital Advisors LLC grew its position in Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Marathon Petroleum in the 1st quarter worth approximately $29,000. ICA Group Wealth Management LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Vima LLC bought a new stake in Marathon Petroleum during the fourth quarter worth $30,000. Finally, TruNorth Capital Management LLC purchased a new position in Marathon Petroleum in the second quarter worth $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE MPC opened at $162.91 on Tuesday. The company’s 50 day simple moving average is $169.64 and its two-hundred day simple moving average is $178.98. The stock has a market capitalization of $57.40 billion, a PE ratio of 8.14, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $5.32 earnings per share. Analysts predict that Marathon Petroleum Co. will post 10.56 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen raised their target price on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Wells Fargo & Company lowered their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Mizuho decreased their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Jefferies Financial Group increased their price target on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. 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, Marathon Petroleum has an average rating of “Hold” and a consensus price target of $197.69.

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.