According to the most recent filing that the company has made with the Securities and Exchange Commission, MainStreet Investment Advisors LLC acquired a new holding in Marathon Petroleum Co. (NYSE: MPC) during the third quarter. This information can be found in the filing. The corporation purchased a total of 2,089 shares of stock in the oil and gas company at approximately $208,000.
Over the past few months, various other institutional investors and hedge funds have increased or decreased the proportion of MPC shares they currently own. Mission Wealth Management LP increased the proportion of its portfolio invested in Marathon Petroleum by 1.2% during the third quarter of 2018. After making 98 additional stock purchases throughout the period, Mission Wealth Management LP now has 8,153 shares of the oil and gas company’s stock, which are currently valued at $810,000. These shares were acquired after Mission Wealth Management LP made 98 stock purchases. MBM Wealth Consultants LLC achieved a 41.3% increase in Marathon Petroleum’s ownership percentage over the third quarter. MBM Wealth Consultants LLC purchased 342 shares in the oil and gas company after the end of the most recent fiscal quarter. The total value of these shares is $35,000, making the acquisition significant. As a result of the recent acquisitions made by Marathon Petroleum, Daiwa Securities Group Inc. increased the percentage of ownership it has in the company by 0.3% during the third quarter. Daiwa Securities Group Inc. now has 36,942 shares of the oil and gas company’s stock, which are currently valued at $3,669,000 after purchasing an additional 108 shares during the most recent quarter. This brings the total number of shares the company owns to 36,942. Court Place Advisors LLC increased the amount of Marathon Petroleum stock owned by 3.1% during the second quarter of 2018. Court Place Advisors LLC currently possesses 3,639 shares of the oil and gas company, which have a combined value of $299,000. This is a direct result of the company making an additional purchase of 110 shares during the most recent fiscal quarter.
Last but not least, Marcum Wealth LLC increased the percentage of Marathon Petroleum shares it owned by 1.8% during the third quarter. This certainly should not be considered the least important development. After purchasing 110 additional shares during the most recent quarter, Marcum Wealth LLC now has 6,270 of the oil and gas company’s shares, which are currently valued at $623,000. These shares were acquired (as of the last reporting date). Institutional investors hold most of the company’s stock, accounting for 76.48% of the total shares.
When the market opened for trading on Wednesday, a share of Marathon Petroleum was priced at $121.77. The debt-to-equity ratio comes in at 0.78, the current ratio at 1.66, and the quick ratio at 1.19. All of these figures are presented as percentages. The company’s moving averages for the past 50 days are currently sitting at $116.78, and the moving average for the past 200 days is currently at $105.06, respectively. Over the past year, the price of a share of Marathon Petroleum Company has fluctuated between a record low of $67.49 and a record high of $127.62. Both of these prices are records. The business has a P/E ratio of 5.35, a beta of 1.59, a PEG ratio of 0.27, and a PEG ratio of 0.27. It is currently estimated that the company has a market capitalization of $57.07 billion.
Marathon Petroleum’s most recent quarterly earnings report was released on November 1, and the company’s stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol MPC. The oil and gas business reported earnings per share for the quarter of $7.81, which is $0.01 higher than the consensus estimate of $6.80, derived from a survey of analysts. Marathon Petroleum achieved a return on equity of 34.82%, and the net margin for the company was 6.82%. The revenue for the quarter came in significantly higher than the analysts’ expectations of $35.67 billion, coming in at a total of $47.24 billion instead. Profits of $25.26 per share are expected to be posted by Marathon Petroleum Company for the current fiscal year, according to projections made by market analysts.
Additionally, the company declared a quarterly dividend, which was paid out on December 12 and distributed the following day, December 12. Investors whose information was already on file received a dividend payment of $0.75 on November 16, which was paid out as a dividend. This translates to a dividend yield of 2.46% and an annual dividend payment of $3. The dividend was paid to shareholders on November 15, a Tuesday that month. The previous amount of the quarterly dividend that Marathon Petroleum paid out was $0.58, representing an increase from that previous amount. At this time, the dividend payout ratio for Marathon Petroleum is 13.18 percent.
Due to recent research, MPC has been the subject of numerous studies. The price objective for Marathon Petroleum was increased by Wells Fargo & Company on January 5 from $131.00 to $133.00, and the company also assigned an “overweight” rating to the stock. The research note was published announcing that the stock was given an “overweight” rating. Raymond James upgraded their rating for Marathon Petroleum from “strong buy” to “buy” in a research report published on Friday, January 13, and they raised their price target for the company’s stock from $150.00 to $155.00. Both of these changes were announced on the same day. Marathon Petroleum was given an upgrade from a “buy” rating to a “strong-buy” recommendation by StockNews.com in a study on the oil and gas industry published on Friday, January 13. The study was released on Friday, January 13. Morgan Stanley assigned an “overweight” rating to shares of Marathon Petroleum in a research report published on November 2. The firm also increased its price target for the company’s stock from $120.00 to $125.00. This increase can be attributed to the company’s decision to increase its price target for the stock, which caused the stock to rise. The Goldman Sachs Group raised their target price on Marathon Petroleum shares from $104.00 to $116.00 and upgraded the company’s rating from “neutral” to “overweight” in a research note published on Thursday, November 3. In addition, they changed their rating on Marathon Petroleum from “neutral” to “overweight.” A total of four of the financial analysts polled gave the stock a hold recommendation, six of the analysts polled gave the stock a buy rating, and two of the analysts polled gave the stock a strong buy rating. According to the data provided by Bloomberg, the current consensus price objective for Marathon Petroleum shares is $125.00, and the company is rated as having an average rating among investors of “Moderate Buy.”
On November 14, Michael J. Hennigan, the Chief Executive Officer of Marathon Petroleum, sold 100,000 shares of the company’s stock. The total amount received for the sale of the shares was $12,175,000.00, which works out to a price of $121.75 per share on average. The transaction has been finalized, and as a result, the CEO now owns 296.826 shares in the company. These shares have an approximate value of $36,138,565.50. A copy of the legal document that describes the sale in greater detail may be found on the Securities and Exchange Commission website. Michael J. Hennigan, who serves as the Chief Executive Officer of Marathon Petroleum, sold 100,000 shares of the company’s stock on November 14. The total amount received for the sale of the shares was $12,175,000.00, which works out to a price of $121.75 per share on average. The transaction has been finalized, and as a result, the CEO now owns 296.826 shares in the company. These shares have an approximate value of $36,138,565.50. On the Securities and Exchange Commission website, you can find a copy of the legal document that provides a more in-depth description of the sale. The document in question describes the sale of the asset. In addition, on November 16, Chief Executive Officer Michael J. Hennigan sold 80,149 shares of the company’s stock. The transaction took place. The total value of the stock sold was $9,516,090.77, and the price received for each share was an average of $118.73. Following the completion of the transaction, the CEO is now the owner of 248,596 company shares, which have a combined value of approximately $29,515,803.08. Disclosures that are related to the sale might be found in this section of the website. Company insiders have sold 212,070 shares of company stock with a combined value of $25,617,038 over the past three months. A total of 28% of the company’s shares are held by those working within the company.