Chatham Capital Group Inc. Has $418,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Chatham Capital Group Inc. boosted its position in Marathon Petroleum Co. (NYSE:MPC) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,076 shares of the oil and gas company’s stock after buying an additional 82 shares during the quarter. Chatham Capital Group Inc.’s holdings in Marathon Petroleum were worth $418,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. NBC Securities Inc. raised its stake in shares of 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 worth $1,276,000 after purchasing an additional 55 shares during the last quarter. Guidance Capital Inc. grew its holdings in shares of 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 valued at $1,135,000 after acquiring an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of 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 acquiring an additional 59 shares in the last quarter. First Financial Corp IN grew its holdings in shares of 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 acquiring an additional 59 shares in the last quarter. Finally, Marino Stram & Associates LLC grew its holdings in shares of Marathon Petroleum by 0.5% in the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.3 %

Shares of MPC stock opened at $173.48 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum Co. has a 52-week low of $112.82 and a 52-week high of $221.11. The company has a market capitalization of $61.12 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. The business’s fifty day moving average is $178.71 and its 200 day moving average is $175.96.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The company had revenue of $32.71 billion for the quarter, compared to the consensus estimate of $32.07 billion. During the same quarter last year, the business posted $6.09 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 17.85 EPS for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 30th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPC shares. Piper Sandler reduced their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a report on Friday, June 14th. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Bank of America increased their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, Wells Fargo & Company reduced their price objective on Marathon Petroleum from $227.00 to $223.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.08.

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.