Great Lakes Retirement Inc. Has $267,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Great Lakes Retirement Inc. increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,640 shares of the oil and gas company’s stock after acquiring an additional 304 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Marathon Petroleum were worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MPC. Guidance Capital Inc. boosted its stake in shares of Marathon Petroleum by 1.1% in 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 purchasing an additional 57 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Marathon Petroleum by 15.2% in the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 57 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in Marathon Petroleum by 3.2% during the 1st quarter. D Orazio & Associates Inc. now owns 1,894 shares of the oil and gas company’s stock worth $382,000 after acquiring an additional 59 shares during the period. Legacy Advisors LLC raised its position in shares of Marathon Petroleum by 5.0% during the 2nd quarter. Legacy Advisors LLC now owns 1,238 shares of the oil and gas company’s stock valued at $215,000 after acquiring an additional 59 shares during the last quarter. Finally, Latitude Advisors LLC lifted its stake in shares of Marathon Petroleum by 3.6% in the 2nd quarter. Latitude Advisors LLC now owns 1,714 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 60 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $152.88 on Friday. The stock has a market capitalization of $53.86 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11. The firm has a fifty day simple moving average of $166.48 and a 200 day simple moving average of $174.39. 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 (NYSE:MPC) last issued its earnings results 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 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%. Marathon Petroleum’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $5.32 EPS. Research analysts forecast that Marathon Petroleum Co. will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.16%. Marathon Petroleum’s payout ratio is 16.48%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Mizuho dropped their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. TD Cowen lifted their price objective on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. 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. Finally, Scotiabank reduced their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.00.

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.