Simplicity Wealth LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC – Free Report) by 75.0% within the third quarter, based on its most up-to-date disclosure with the SEC. The fund owned 2,751 shares of the oil and fuel firm’s inventory after promoting 8,248 shares throughout the interval. Simplicity Wealth LLC’s holdings in Marathon Petroleum have been price $448,000 on the finish of the latest reporting interval.
Different institutional traders and hedge funds have additionally made adjustments to their positions within the firm. International Belongings Advisory LLC bought a brand new stake in shares of Marathon Petroleum within the first quarter valued at about $36,823,000. Founders Monetary Securities LLC raised its holdings in shares of Marathon Petroleum by 22.8% within the second quarter. Founders Monetary Securities LLC now owns 4,972 shares of the oil and fuel firm’s inventory valued at $863,000 after shopping for a further 924 shares over the last quarter. Fidelis Capital Companions LLC elevated its stake in shares of Marathon Petroleum by 3.2% throughout the first quarter. Fidelis Capital Companions LLC now owns 3,050 shares of the oil and fuel firm’s inventory price $615,000 after buying a further 94 shares throughout the interval. LRI Investments LLC acquired a brand new place in shares of Marathon Petroleum throughout the first quarter price about $97,000. Lastly, Magnolia Capital Advisors LLC elevated its stake in shares of Marathon Petroleum by 353.4% throughout the second quarter. Magnolia Capital Advisors LLC now owns 55,989 shares of the oil and fuel firm’s inventory price $9,713,000 after buying a further 43,639 shares throughout the interval. 76.77% of the inventory is owned by hedge funds and different institutional traders.
Wall Road Analysts Forecast Development
MPC has been the subject of quite a lot of latest analyst stories. Mizuho dropped their worth goal on shares of Marathon Petroleum from $198.00 to $193.00 and set a “impartial” ranking on the inventory in a analysis word on Monday, September sixteenth. JPMorgan Chase & Co. dropped their worth goal on shares of Marathon Petroleum from $172.00 to $171.00 and set a “impartial” ranking on the inventory in a analysis word on Wednesday, October ninth. Wells Fargo & Firm dropped their worth goal on shares of Marathon Petroleum from $196.00 to $183.00 and set an “obese” ranking on the inventory in a analysis word on Wednesday, October ninth. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a “purchase” ranking to a “promote” ranking in a analysis report on Monday, September ninth. Lastly, Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” ranking to a “robust promote” ranking in a analysis report on Monday, September ninth. Two analysis analysts have rated the inventory with a promote ranking, six have given a maintain ranking, 9 have assigned a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Average Purchase” and a median goal worth of $190.73.
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Marathon Petroleum Buying and selling Down 0.4 %
Shares of MPC opened at $164.26 on Monday. The corporate has a debt-to-equity ratio of 0.86, a present ratio of 1.31 and a fast ratio of 0.90. The agency has a 50 day easy transferring common of $168.89 and a 200-day easy transferring common of $177.06. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year excessive of $221.11. The inventory has a market cap of $57.87 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of two.65 and a beta of 1.37.
Marathon Petroleum (NYSE:MPC – Get Free Report) final introduced its earnings outcomes on Tuesday, August sixth. The oil and fuel firm reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a internet margin of 4.79% and a return on fairness of 24.05%. The agency had income of $38.36 billion for the quarter, in comparison with analyst estimates of $36.66 billion. Throughout the identical quarter final 12 months, the enterprise earned $5.32 earnings per share. Marathon Petroleum’s income was up 4.2% in comparison with the identical quarter final 12 months. Equities analysts forecast that Marathon Petroleum Co. will submit 10.22 EPS for the present fiscal 12 months.
Marathon Petroleum Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, September tenth. Traders of document on Wednesday, August twenty first got a dividend of $0.825 per share. The ex-dividend date was Wednesday, August twenty first. This represents a $3.30 dividend on an annualized foundation and a yield of two.01%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.
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 way of Refining & Advertising, and Midstream segments. The Refining & Advertising 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 way of transportation, storage, distribution, and advertising and marketing companies.
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