Brighton Jones LLC Acquires 733 Shares of Marathon Petroleum Co. (NYSE:MPC)

Brighton Jones LLC grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 17.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,035 shares of the oil and gas company’s stock after acquiring an additional 733 shares during the period. Brighton Jones LLC’s holdings in Marathon Petroleum were worth $874,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its position in shares of Marathon Petroleum by 2.6% in the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock valued at $743,690,000 after buying an additional 107,915 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Marathon Petroleum by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock valued at $620,815,000 after purchasing an additional 31,100 shares during the period. Boston Partners raised its stake in Marathon Petroleum by 0.3% during the first quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock worth $558,390,000 after buying an additional 8,476 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Marathon Petroleum by 7.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock worth $335,241,000 after acquiring an additional 117,790 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Marathon Petroleum by 1.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,213,056 shares of the oil and gas company’s stock valued at $244,431,000 after purchasing an additional 12,536 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MPC. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. StockNews.com cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Jefferies Financial Group boosted their target price on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen increased their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their target price on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $197.69.

Marathon Petroleum Stock Down 1.2 %

Marathon Petroleum stock opened at $164.34 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The stock has a market cap of $57.90 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a fifty-two week low of $139.32 and a fifty-two week high of $221.11. The firm’s 50-day simple moving average is $169.99 and its 200 day simple moving average is $179.77.

Marathon Petroleum (NYSE:MPC) last released 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 company had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. Marathon Petroleum’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.32 earnings per share. Research analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

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

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.