Marathon Petroleum Co. (NYSE:MPC) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,585 shares of the oil and gas company’s stock after purchasing an additional 252 shares during the quarter. NBC Securities Inc.’s holdings in Marathon Petroleum were worth $1,142,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in Marathon Petroleum by 9.3% in the second quarter. CWM LLC now owns 16,489 shares of the oil and gas company’s stock valued at $2,861,000 after acquiring an additional 1,398 shares during the last quarter. Naples Money Management LLC increased its position in Marathon Petroleum by 0.7% during the second quarter. Naples Money Management LLC now owns 14,615 shares of the oil and gas company’s stock worth $2,555,000 after acquiring an additional 100 shares during the period. Kingswood Wealth Advisors LLC increased its position in Marathon Petroleum by 7.0% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,104 shares of the oil and gas company’s stock worth $1,579,000 after acquiring an additional 594 shares during the period. New England Research & Management Inc. bought a new position in Marathon Petroleum during the second quarter worth $525,000. Finally, Mather Group LLC. increased its position in Marathon Petroleum by 27.0% during the second quarter. Mather Group LLC. now owns 9,371 shares of the oil and gas company’s stock worth $1,626,000 after acquiring an additional 1,990 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 2.9 %

MPC traded up $4.88 on Thursday, hitting $174.23. 1,339,799 shares of the company were exchanged, compared to its average volume of 2,640,788. The firm has a fifty day simple moving average of $170.90 and a two-hundred day simple moving average of $179.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum Co. has a 12 month low of $139.32 and a 12 month high of $221.11. The stock has a market capitalization of $61.39 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period last year, the company earned $5.32 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Co. will post 13.84 earnings per share for the current year.

Marathon Petroleum announced that its board has initiated a stock buyback plan on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the oil and gas company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MPC shares. Raymond James lowered their price target on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 30th. TD Cowen upped their price target on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler lowered their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Mizuho lowered their target price on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Finally, Scotiabank lowered their target price on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.38.

About Marathon Petroleum

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.