SPC Financial Inc. Has $4.56 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

SPC Financial Inc. lifted its stake in Marathon Petroleum Co. (NYSE:MPC) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,279 shares of the oil and gas company’s stock after acquiring an additional 756 shares during the quarter. SPC Financial Inc.’s holdings in Marathon Petroleum were worth $4,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FinTrust Capital Advisors LLC increased its position in shares of 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 worth $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the first quarter worth $29,000. ICA Group Wealth Management LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at $30,000. Vima LLC bought a new position in shares of Marathon Petroleum in the 4th quarter valued at about $30,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at about $35,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock opened at $162.91 on Tuesday. The stock has a market cap of $57.40 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company has a 50 day simple moving average of $169.64 and a 200 day simple moving average of $178.98. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.32 earnings per share. Research analysts anticipate that Marathon Petroleum Co. will post 10.56 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.03%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays lowered their price target on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, July 1st. TD Cowen raised their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company reduced their price objective on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, Mizuho lowered their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $197.69.

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.