Symphony Financial Ltd. Co. Trims Position in Marathon Petroleum Corporation $MPC

Symphony Financial Ltd. Co. trimmed its position in Marathon Petroleum Corporation (NYSE:MPC) by 91.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,082 shares of the oil and gas company’s stock after selling 11,916 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Marathon Petroleum were worth $209,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Concord Asset Management LLC VA bought a new position in Marathon Petroleum in the 2nd quarter worth about $412,000. Los Angeles Capital Management LLC boosted its position in shares of Marathon Petroleum by 459.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock valued at $31,556,000 after acquiring an additional 156,019 shares during the last quarter. FSM Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the second quarter worth about $685,000. Generali Asset Management SPA SGR increased its position in shares of Marathon Petroleum by 36.8% in the third quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock worth $7,946,000 after purchasing an additional 11,082 shares during the last quarter. Finally, First Interstate Bank purchased a new stake in Marathon Petroleum in the third quarter valued at approximately $5,050,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MPC shares. Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Citigroup lowered their price target on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Barclays cut their price objective on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Hold” and an average price target of $196.67.

Marathon Petroleum Stock Down 0.2%

MPC opened at $175.39 on Monday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $179.65 and its 200-day moving average price is $180.71. The company has a market cap of $52.72 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.76 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Marathon Petroleum’s payout ratio is presently 42.64%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.