Burns J W & Co. Inc. NY Buys 1,750 Shares of Marathon Petroleum Co. (NYSE:MPC)

Burns J W & Co. Inc. NY raised its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 40.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,050 shares of the oil and gas company’s stock after purchasing an additional 1,750 shares during the period. Burns J W & Co. Inc. NY’s holdings in Marathon Petroleum were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MPC. CIBC Private Wealth Group LLC boosted its holdings in shares of Marathon Petroleum by 2.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 22,450 shares of the oil and gas company’s stock valued at $3,331,000 after purchasing an additional 507 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Marathon Petroleum by 3.0% during the 4th quarter. 1832 Asset Management L.P. now owns 28,466 shares of the oil and gas company’s stock valued at $4,223,000 after purchasing an additional 832 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Marathon Petroleum by 695.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 59,589 shares of the oil and gas company’s stock valued at $8,841,000 after buying an additional 52,097 shares in the last quarter. Morningstar Investment Services LLC purchased a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $460,000. Finally, Schroder Investment Management Group raised its position in shares of Marathon Petroleum by 309.9% during the 4th quarter. Schroder Investment Management Group now owns 643,590 shares of the oil and gas company’s stock valued at $95,483,000 after buying an additional 486,573 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 1.6 %

Shares of NYSE:MPC traded down $2.86 during trading on Friday, reaching $171.98. 2,241,691 shares of the company were exchanged, compared to its average volume of 2,697,056. The firm has a market capitalization of $60.59 billion, a PE ratio of 8.59, a P/E/G ratio of 2.59 and a beta of 1.37. The business’s fifty day simple moving average is $169.69 and its 200-day simple moving average is $178.52. Marathon Petroleum Co. has a 12-month low of $139.93 and a 12-month 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.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $5.32 earnings per share. On average, research analysts anticipate that Marathon Petroleum Co. will post 10.56 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Analysts Set New Price Targets

MPC has been the topic of several recent research reports. TD Cowen upped their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Scotiabank decreased their target price on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. BMO Capital Markets decreased their target price on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group upped their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $196.14.

About Marathon Petroleum

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.