Savant Capital LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC)

Savant Capital LLC raised its stake in Marathon Petroleum Co. (NYSE:MPC – Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,981 shares of the oil and gas company’s stock after buying an additional 1,318 shares during the period. Savant Capital LLC’s holdings in Marathon Petroleum were worth $6,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. raised its holdings in Marathon Petroleum by 0.9% in 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 acquiring an additional 55 shares during the period. Guidance Capital Inc. raised its stake in Marathon Petroleum by 1.1% in the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock worth $1,135,000 after buying an additional 57 shares during the period. 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 worth $75,000 after buying an additional 57 shares during the period. Bruce G. Allen Investments LLC grew its position 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 valued at $55,000 after buying an additional 59 shares during the period. Finally, First Financial Corp IN boosted its holdings in Marathon Petroleum by 2.5% in 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 buying an additional 59 shares in the last quarter. 76.77% of shares are held by institutional investors.

Marathon Petroleum stock down 1.5%

Shares of MPC stock opened at $166.00 on Friday. The company has a fifty day simple moving average of $171.21 and a two hundred day simple moving average of $180.32. Marathon Petroleum Co. it has a 52-week low of $139.32 and a 52-week high of $221.11. The stock has a market cap of $58.49 billion, a P/E ratio of 8.29, a PEG ratio of 2.33 and a beta of 1.38. 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 (NYSE:MPC – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. In the same period last year, the company earned $5.32 per share. The company’s revenue rose 4.2% year-over-year. Analysts predict that Marathon Petroleum Co. will record 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a $0.825 dividend. This represents an annualized dividend of $3.30 and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, August 21. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

The Wall Street analyst weighs in

A number of equities research analysts have recently issued reports on MPC shares. Barclays decreased their price objective on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Jefferies Financial Group raised their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Scotiabank cut their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, Raymond James decreased their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.38, based on data from MarketBeat.

Read the latest stock analysis on Marathon Petroleum

Marathon Petroleum Company Profile

(Free report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through the Refining & Marketing and Midstream segments. The Refining and 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.

See Also

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