Marathon Petroleum Co. (NYSE:MPC) Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Marathon Petroleum Co. (NYSE:MPC) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 453,501 shares of the oil and gas company’s stock after acquiring an additional 16,778 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Marathon Petroleum worth $78,673,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MPC. FinTrust Capital Advisors LLC raised its stake in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the first quarter valued at $29,000. ICA Group Wealth Management LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth about $30,000. Vima LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth about $30,000. Finally, TruNorth Capital Management LLC purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

MPC has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Wolfe Research initiated coverage on shares of Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target on the stock. StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Jefferies Financial Group upped their target price on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $197.69.

Marathon Petroleum Trading Down 1.2 %

Shares of MPC stock opened at $164.39 on Friday. Marathon Petroleum Co. has a 12 month low of $139.32 and a 12 month high of $221.11. The company has a market cap of $57.92 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.09 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. The business’s 50 day moving average is $169.99 and its two-hundred day moving average is $179.80.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period last year, the business posted $5.32 EPS. Marathon Petroleum’s revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Dividend Announcement

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