Marathon Petroleum Co. (NYSE:MPC) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,723 shares of the oil and gas company’s stock after purchasing an additional 11,882 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.05% of Marathon Petroleum worth $31,700,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Raymond James & Associates raised its holdings in shares of Marathon Petroleum by 2.6% during the second quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock valued at $743,690,000 after acquiring an additional 107,915 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Marathon Petroleum by 1.0% during the first 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 acquiring an additional 31,100 shares during the last quarter. Boston Partners raised its holdings in shares of 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 valued at $558,390,000 after acquiring an additional 8,476 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Marathon Petroleum by 7.6% during the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock valued at $335,241,000 after acquiring an additional 117,790 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Marathon Petroleum by 1.0% during the first 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 acquiring an additional 12,536 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.5 %

Shares of NYSE MPC opened at $164.67 on Thursday. The stock has a market cap of $58.02 billion, a P/E ratio of 8.23, a PEG ratio of 2.09 and a beta of 1.38. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 12-month low of $139.32 and a 12-month high of $221.11. The business’s fifty day simple moving average is $169.97 and its 200-day simple moving average is $179.93.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data 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 business had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.32 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MPC shares. Wells Fargo & Company cut their price target on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Morgan Stanley cut their price target on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday. Mizuho cut their price target on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday. Scotiabank cut their price target on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $199.46.

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.