BNP PARIBAS ASSET MANAGEMENT Holding S.A. lower its place in Marathon Petroleum Co. (NYSE:MPC – Free Report) by 36.7% within the third quarter, based on its most up-to-date disclosure with the Securities and Alternate Fee. The agency owned 45,675 shares of the oil and gasoline firm’s inventory after promoting 26,503 shares through the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Marathon Petroleum have been price $7,441,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
Quite a few different massive traders have additionally added to or lowered their stakes within the firm. Oppenheimer Asset Administration Inc. boosted its place in Marathon Petroleum by 27.7% within the third quarter. Oppenheimer Asset Administration Inc. now owns 43,174 shares of the oil and gasoline firm’s inventory valued at $7,033,000 after shopping for a further 9,355 shares over the past quarter. Founders Monetary Securities LLC boosted its holdings in Marathon Petroleum by 22.8% within the second quarter. Founders Monetary Securities LLC now owns 4,972 shares of the oil and gasoline firm’s inventory valued at $863,000 after buying a further 924 shares over the past quarter. Holistic Planning LLC acquired a brand new stake in Marathon Petroleum through the third quarter valued at roughly $912,000. Magnolia Capital Advisors LLC elevated its holdings in Marathon Petroleum by 353.4% through the 2nd quarter. Magnolia Capital Advisors LLC now owns 55,989 shares of the oil and gasoline firm’s inventory price $9,713,000 after buying a further 43,639 shares over the past quarter. Lastly, Granite Bay Wealth Administration LLC acquired a brand new place in shares of Marathon Petroleum within the 2nd quarter valued at roughly $4,075,000. 76.77% of the inventory is owned by institutional traders and hedge funds.
Marathon Petroleum Inventory Efficiency
MPC opened at $158.48 on Monday. The corporate has a present ratio of 1.23, a fast ratio of 0.76 and a debt-to-equity ratio of 0.94. The enterprise’s 50 day transferring common is $158.78 and its 200-day transferring common is $167.46. The inventory has a market cap of $50.93 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of two.77 and a beta of 1.38. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month excessive of $221.11.
Marathon Petroleum (NYSE:MPC – Get Free Report) final introduced its earnings outcomes on Tuesday, November fifth. The oil and gasoline firm reported $1.87 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.90. The agency had income of $35.37 billion for the quarter, in comparison with the consensus estimate of $34.34 billion. Marathon Petroleum had a return on fairness of 16.19% and a web margin of three.15%. The agency’s income for the quarter was down 14.9% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the enterprise earned $8.14 EPS. On common, analysts predict that Marathon Petroleum Co. will publish 9.59 earnings per share for the present yr.
Marathon Petroleum Will increase Dividend
The enterprise additionally lately introduced a quarterly dividend, which will probably be paid on Tuesday, December tenth. Shareholders of document on Wednesday, November twentieth will probably be paid a dividend of $0.91 per share. It is a increase from Marathon Petroleum’s earlier quarterly dividend of $0.83. The ex-dividend date is Wednesday, November twentieth. This represents a $3.64 annualized dividend and a yield of two.30%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 28.84%.
Marathon Petroleum declared that its board has initiated a inventory repurchase plan on Tuesday, November fifth that authorizes the corporate to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gasoline firm to repurchase as much as 10% of its inventory by means of open market purchases. Inventory repurchase plans are normally an indication that the corporate’s board of administrators believes its inventory is undervalued.
Analyst Upgrades and Downgrades
Quite a few analysts have lately weighed in on the inventory. Piper Sandler decreased their value goal on shares of Marathon Petroleum from $168.00 to $145.00 and set a “impartial” score for the corporate in a analysis report on Friday, September twentieth. BMO Capital Markets lower their goal value on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” score on the inventory in a analysis notice on Friday, October 4th. Financial institution of America began protection on Marathon Petroleum in a analysis notice on Thursday, October seventeenth. They issued a “impartial” score and a $174.00 value goal for the corporate. Scotiabank lower their value goal on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” score on the inventory in a analysis notice on Thursday, October tenth. Lastly, Tudor, Pickering, Holt & Co. lowered Marathon Petroleum from a “purchase” score to a “promote” score in a analysis report on Monday, September ninth. Two equities analysis analysts have rated the inventory with a promote score, six have given a maintain score, 9 have assigned a purchase score and one has assigned a robust purchase score to the corporate. In response to MarketBeat, Marathon Petroleum has a mean score of “Reasonable Purchase” and a consensus goal value of $185.07.
View Our Newest Evaluation on MPC
About Marathon Petroleum
Marathon Petroleum Company, along with its subsidiaries, operates as an built-in downstream vitality firm primarily in the US. The corporate operates by means of Refining & Advertising and marketing, and Midstream segments. The Refining & Advertising and marketing section refines crude oil and different feedstocks at its refineries within the Gulf Coast, Mid-Continent, and West Coast areas of the US; and purchases refined merchandise and ethanol for resale and distributes refined merchandise, together with renewable diesel, by means of transportation, storage, distribution, and advertising providers.
Additional Studying
Obtain Information & Scores for Marathon Petroleum Every day – Enter your electronic mail deal with under to obtain a concise each day abstract of the most recent information and analysts’ scores for Marathon Petroleum and associated corporations with MarketBeat.com’s FREE each day electronic mail e-newsletter.
