Stephens Inc. AR Has $7.67 Million Holdings in Marathon Petroleum Corp (NYSE:MPC)
Stephens Inc. AR boosted its holdings in Marathon Petroleum Corp (NYSE:MPC) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,246 shares of the oil and gas company’s stock after buying an additional 4,990 shares during the period. Stephens Inc. AR’s holdings in Marathon Petroleum were worth $7,665,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Greenleaf Trust raised its stake in Marathon Petroleum by 10.1% during the 2nd quarter. Greenleaf Trust now owns 6,953 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 635 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of Marathon Petroleum by 2.4% during the second quarter. MUFG Americas Holdings Corp now owns 27,240 shares of the oil and gas company’s stock valued at $1,911,000 after buying an additional 639 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Marathon Petroleum by 4.3% during the first quarter. D.A. Davidson & CO. now owns 16,622 shares of the oil and gas company’s stock valued at $1,215,000 after buying an additional 688 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Marathon Petroleum by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 51,889 shares of the oil and gas company’s stock valued at $3,641,000 after buying an additional 692 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Marathon Petroleum by 63.8% in the first quarter. Quadrant Capital Group LLC now owns 1,787 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 696 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Several analysts have recently issued reports on MPC shares. Zacks Investment Research downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Mizuho initiated coverage on Marathon Petroleum in a report on Wednesday, August 1st. They issued a “buy” rating and a $95.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Marathon Petroleum in a report on Friday, July 27th. Wells Fargo & Co upgraded Marathon Petroleum from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $83.27 to $80.00 in a research report on Tuesday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Marathon Petroleum has an average rating of “Buy” and a consensus target price of $87.12.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The company had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. equities research analysts expect that Marathon Petroleum Corp will post 5.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Thursday, August 16th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $1.84 annualized dividend and a yield of 2.18%. Marathon Petroleum’s dividend payout ratio is currently 48.42%.
Marathon Petroleum Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & 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.
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