Blair William & Co. IL Has $8.85 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Blair William & Co. IL trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,026 shares of the oil and gas company’s stock after selling 927 shares during the period. Blair William & Co. IL’s holdings in Marathon Petroleum were worth $8,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MPC. Vanguard Personalized Indexing Management LLC raised its stake in shares of Marathon Petroleum by 10.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 46,380 shares of the oil and gas company’s stock worth $7,834,000 after purchasing an additional 4,424 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Marathon Petroleum by 7.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 182,723 shares of the oil and gas company’s stock valued at $31,700,000 after acquiring an additional 11,882 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Marathon Petroleum by 12.8% in the second quarter. Mutual of America Capital Management LLC now owns 54,420 shares of the oil and gas company’s stock valued at $9,441,000 after acquiring an additional 6,172 shares during the last quarter. Denali Advisors LLC grew its position in Marathon Petroleum by 15.2% in the second quarter. Denali Advisors LLC now owns 3,800 shares of the oil and gas company’s stock worth $659,000 after acquiring an additional 500 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its stake in shares of Marathon Petroleum by 30.4% during the 2nd quarter. Madison Wealth Partners Inc now owns 1,384 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Mizuho decreased their price target on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Morgan Stanley cut their price objective 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. Raymond James decreased their target price on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Finally, Wolfe Research assumed coverage on shares of Marathon Petroleum in a research report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Hold” and an average target price of $197.69.

Marathon Petroleum Stock Performance

NYSE MPC opened at $164.34 on Friday. The company’s fifty day moving average is $169.99 and its two-hundred day moving average is $179.77. Marathon Petroleum Co. has a 52-week low of $139.32 and a 52-week 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 firm has a market capitalization of $57.90 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 2.09 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last issued its quarterly 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. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period in the previous year, the company posted $5.32 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.01%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

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.