Itau Unibanco Holding S.A. Has $436,000 Stake in Marathon Petroleum Corp (MPC)

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Itau Unibanco Holding S.A. trimmed its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 45.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,223 shares of the oil and gas company’s stock after selling 5,089 shares during the period. Itau Unibanco Holding S.A.’s holdings in Marathon Petroleum were worth $436,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MPC. Greenleaf Trust increased its position in shares of Marathon Petroleum by 10.1% during the 2nd quarter. Greenleaf Trust now owns 6,953 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 635 shares in the last quarter. MUFG Americas Holdings Corp increased its position in shares of Marathon Petroleum by 2.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 27,240 shares of the oil and gas company’s stock worth $1,911,000 after purchasing an additional 639 shares in the last quarter. D.A. Davidson & CO. increased its position in Marathon Petroleum by 4.3% in the 1st quarter. D.A. Davidson & CO. now owns 16,622 shares of the oil and gas company’s stock valued at $1,215,000 after acquiring an additional 688 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Marathon Petroleum by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 51,889 shares of the oil and gas company’s stock valued at $3,641,000 after acquiring an additional 692 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Marathon Petroleum by 63.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,787 shares of the oil and gas company’s stock valued at $120,000 after acquiring an additional 696 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Shares of NYSE:MPC opened at $84.28 on Wednesday. Marathon Petroleum Corp has a one year low of $50.52 and a one year high of $85.08. The company has a quick ratio of 1.04, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The company has a market cap of $37.11 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the company earned $0.93 EPS. Marathon Petroleum’s revenue was up 22.3% on a year-over-year basis. equities research analysts forecast that Marathon Petroleum Corp will post 5.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, August 15th. Marathon Petroleum’s dividend payout ratio is 48.42%.

MPC has been the subject of several research reports. Bank of America upgraded shares of Marathon Petroleum from a “neutral” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Thursday, May 10th. Tudor Pickering cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Wells Fargo & Co upgraded shares of Marathon Petroleum from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $83.27 to $80.00 in a research report on Tuesday, May 29th. ValuEngine cut shares of Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 6th. Finally, Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Sunday, July 15th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Marathon Petroleum presently has a consensus rating of “Buy” and an average price target of $85.94.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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