Xponance Inc. Has $8.85 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Xponance Inc. boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,037 shares of the oil and gas company’s stock after purchasing an additional 370 shares during the quarter. Xponance Inc.’s holdings in Marathon Petroleum were worth $8,854,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC boosted its stake in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 100 shares during the period. Crewe Advisors LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth $30,000. Vima LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth $30,000. Finally, TruNorth Capital Management LLC bought a new stake in Marathon Petroleum during the second quarter worth about $35,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.1 %

Shares of MPC opened at $164.21 on Tuesday. The company has a market capitalization of $57.86 billion, a PE ratio of 8.20, a PEG ratio of 2.09 and a beta of 1.38. The stock’s 50-day moving average price is $169.94 and its two-hundred day moving average price is $179.73. 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.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The business 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.32 EPS. On average, analysts anticipate that Marathon Petroleum Co. will post 12.68 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given 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 yield of 2.01%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Analyst Ratings Changes

Several equities analysts have commented on MPC shares. JPMorgan Chase & Co. decreased their target price on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Barclays cut their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Wells Fargo & Company decreased their price target on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Finally, Scotiabank lowered their target price on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $197.69.

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.