Benjamin F. Edwards & Company Inc. Purchases 256 Shares of Marathon Petroleum Co. (NYSE:MPC)

Benjamin F. Edwards & Company Inc. raised its position in Marathon Petroleum Co. (NYSE:MPC) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,110 shares of the oil and gas company’s stock after buying an additional 256 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Marathon Petroleum were worth $1,234,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its position 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 stake in Marathon Petroleum during the 1st quarter worth $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Wellington Shields & Co. LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at $40,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Marathon Petroleum in the 2nd quarter worth $35,000. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MPC shares. Piper Sandler lowered their price target on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday. Wolfe Research started coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 target price on the stock. Barclays decreased their price target on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Morgan Stanley dropped 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. Finally, StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $197.69.

Marathon Petroleum Stock Down 0.1 %

MPC stock opened at $164.21 on Tuesday. The company has a market cap of $57.86 billion, a PE ratio of 8.20, 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. Marathon Petroleum Co. has a 52 week low of $139.32 and a 52 week high of $221.11. The business has a 50-day simple moving average of $169.94 and a 200 day simple moving average of $179.73.

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 for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.32 EPS. Sell-side analysts anticipate 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. Stockholders of record on Wednesday, August 21st were issued 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 dividend yield of 2.01%. 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.