5,897 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in Marathon Petroleum Co. (NYSE:MPC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,897 shares of the oil and gas company’s stock, valued at approximately $1,023,000.

A number of other institutional investors also recently modified their holdings of MPC. FinTrust Capital Advisors LLC raised its holdings in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Crewe Advisors LLC bought a new position in Marathon Petroleum in the 1st quarter valued at about $29,000. ICA Group Wealth Management LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $30,000. Wellington Shields & Co. LLC bought a new stake in Marathon Petroleum during the 1st quarter worth approximately $40,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum in the second quarter worth approximately $35,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 1.2 %

NYSE:MPC opened at $164.34 on Friday. The company has a market cap of $57.90 billion, a P/E ratio of 8.21, a P/E/G ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The stock’s fifty day moving average price is $169.99 and its two-hundred day moving average price is $179.77.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating 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 business had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same quarter in the previous year, the firm earned $5.32 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Analyst Ratings Changes

MPC has been the subject of several recent research reports. Raymond James decreased their price target on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a report on Thursday, May 30th. Jefferies Financial Group increased their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a report on Monday, July 15th. Tudor Pickering cut shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Morgan Stanley cut their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. 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 issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and an average target price 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.