Calton & Associates Inc. Purchases Shares of 10,281 Marathon Petroleum Corporation $MPC
Calton & Associates Inc. purchased a new position in Marathon Petroleum Corporation (NYSE:MPC — Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,281 shares of the oil and gas company’s stock, valued at approximately $1,982,000.
A number of other large investors have also made changes to their positions in MPC. Associated Banc Corp grew its position in Marathon Petroleum by 2.1% during the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after buying an additional 52 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Marathon Petroleum by 2.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 59 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of Marathon Petroleum by 1.6% during the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after purchasing an additional 63 shares in the last quarter. Warwick Investment Management Inc. increased its position in shares of Marathon Petroleum by 4.6% during the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 63 shares during the period. Finally, Simmons Bank raised its stake in shares of Marathon Petroleum by 1.3% in the third quarter. Simmons Bank now owns 5,105 shares of the oil and gas company’s stock valued at $984,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on MPC. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Barclays decreased their target price on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, JPMorgan Chase & Co. decreased their price objective on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $202.19.
Check Out Our Latest Stock Report on Marathon Petroleum
Marathon Petroleum Trading Up 2.7%
Shares of MPC stock opened at $203.33 on Friday. The company has a market capitalization of $61.12 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.38 and a beta of 0.74. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $210.32. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $178.84 and a 200 day moving average price of $182.18.
Marathon Petroleum (NYSE:MPC — Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The firm had revenue of $35.10 billion for the quarter, compared to analysts’ expectations of $30.89 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be given a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 2.0%. Marathon Petroleum’s payout ratio is presently 29.96%.
Marathon Petroleum Profile
Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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