Howe & Rusling Inc. boosted its position in Marathon Petroleum Corp (NYSE:MPC) by 80.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,014 shares of the oil and gas company’s stock after acquiring an additional 899 shares during the quarter. Howe & Rusling Inc.’s holdings in Marathon Petroleum were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MPC. Kistler Tiffany Companies LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $30,000. SeaBridge Investment Advisors LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $30,000. San Francisco Sentry Investment Group CA boosted its holdings in Marathon Petroleum by 329.8% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 606 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 465 shares during the period. BerganKDV Wealth Management LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $36,000. Finally, FNY Investment Advisers LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $37,000. 58.59% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on MPC shares. Morgan Stanley set a $110.00 price target on shares of Marathon Petroleum and gave the company a “buy” rating in a report on Friday, October 12th. Citigroup increased their price target on shares of Marathon Petroleum from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, October 19th. ValuEngine downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Cowen reduced their price target on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 28th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum currently has a consensus rating of “Buy” and a consensus price target of $92.41.
In other Marathon Petroleum news, Director Steven A. Davis acquired 3,500 shares of Marathon Petroleum stock in a transaction dated Friday, December 14th. The stock was bought at an average cost of $62.14 per share, with a total value of $217,490.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Davis acquired 2,500 shares of Marathon Petroleum stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $62.20 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 16,462 shares in the company, valued at approximately $1,023,936.40. The disclosure for this purchase can be found here. 1.09% of the stock is currently owned by company insiders.
NYSE:MPC opened at $62.72 on Friday. The stock has a market cap of $44.01 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.65 and a beta of 1.36. Marathon Petroleum Corp has a 52 week low of $54.29 and a 52 week high of $88.45. The company has a quick ratio of 1.09, a current ratio of 1.65 and a debt-to-equity ratio of 0.97.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.43. The company had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 18.84%. The firm’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. On average, equities research analysts expect that Marathon Petroleum Corp will post 6.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 27.14%.
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Marathon Petroleum Company 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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