Thoroughbred Financial Services LLC Has $4.70 Million Stake in Marathon Petroleum Corporation $MPC

Thoroughbred Financial Services LLC lowered its stake in Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 15.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,319 shares of the oil and gas company’s stock after selling 5,168 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Marathon Petroleum were worth $4,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 201 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum during the first quarter valued at about $32,000. NewSquare Capital LLC grew its holdings in shares of Marathon Petroleum by 103.1% during the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Finally, Stone House Investment Management LLC increased its position in Marathon Petroleum by 46.1% in the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 71 shares during the period. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of a number of recent research reports. Raymond James Financial set a $200.00 price objective on Marathon Petroleum in a report on Tuesday, November 4th. Wall Street Zen upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Evercore ISI lifted their target price on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Finally, Morgan Stanley upped their target price on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.69.

Read Our Latest Research Report on Marathon Petroleum

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $199.91 on Friday. The business has a 50-day simple moving average of $189.65 and a 200 day simple moving average of $174.02. The firm has a market capitalization of $60.09 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.77 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.30.

Marathon Petroleum (NYSE:MPC — Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s payout ratio is presently 38.81%.

Marathon Petroleum Company Profile

(Free Report)

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.

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