Telemus Capital LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,164 shares of the oil and gas company’s stock after selling 215 shares during the period. Telemus Capital LLC’s holdings in Marathon Petroleum were worth $253,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. M Holdings Securities Inc. increased its holdings in shares of Marathon Petroleum by 1.0% during the third quarter. M Holdings Securities Inc. now owns 9,292 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 95 shares during the period. Mission Wealth Management LP increased its holdings in shares of Marathon Petroleum by 1.2% during the third quarter. Mission Wealth Management LP now owns 8,153 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 98 shares during the period. MBM Wealth Consultants LLC increased its holdings in shares of Marathon Petroleum by 41.3% during the third quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Texas Yale Capital Corp. grew its holdings in Marathon Petroleum by 2.6% during the third quarter. Texas Yale Capital Corp. now owns 3,925 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 100 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in Marathon Petroleum by 2.9% during the third quarter. Bahl & Gaynor Inc. now owns 3,595 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 100 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.
Marathon Petroleum Trading Up 2.1 %
Shares of NYSE MPC opened at $126.25 on Tuesday. Marathon Petroleum Co. has a one year low of $77.62 and a one year high of $136.46. The firm has a market capitalization of $55.76 billion, a PE ratio of 4.42, a PEG ratio of 0.21 and a beta of 1.60. The company has a current ratio of 1.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $125.25 and a two-hundred day moving average price of $115.54.
Marathon Petroleum Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Thursday, February 16th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.38%. Marathon Petroleum’s payout ratio is presently 10.49%.
Insiders Place Their Bets
In other Marathon Petroleum news, Director Kim K.W. Rucker sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $130.00, for a total transaction of $780,000.00. Following the completion of the sale, the director now directly owns 34,950 shares in the company, valued at approximately $4,543,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MPC shares. Mizuho raised Marathon Petroleum from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $133.00 to $160.00 in a report on Friday, March 10th. Raymond James lifted their target price on Marathon Petroleum from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 1st. Jefferies Financial Group raised Marathon Petroleum from a “hold” rating to a “buy” rating and lifted their target price for the stock from $134.00 to $157.00 in a report on Friday, March 3rd. Wells Fargo & Company lifted their target price on Marathon Petroleum from $133.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Finally, Cowen lifted their target price on Marathon Petroleum from $133.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, February 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Buy” and a consensus price target of $138.63.
About Marathon Petroleum
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.
Read More
- Get a free copy of the StockNews.com research report on Marathon Petroleum (MPC)
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