Jones Financial Companies Lllp Boosts Stock Position in Marathon Petroleum Corporation $MPC

Jones Financial Companies Lllp grew its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 6.8% during the third quarter, HoldingsChannel.com reports. The firm owned 337,161 shares of the oil and gas company’s stock after acquiring an additional 21,425 shares during the quarter. Jones Financial Companies Lllp’s holdings in Marathon Petroleum were worth $66,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MPC. Associated Banc Corp lifted its holdings in Marathon Petroleum by 2.1% during the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after buying an additional 52 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Marathon Petroleum by 2.6% during the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 59 shares during the period. FSM Wealth Advisors LLC raised its stake in shares of Marathon Petroleum by 1.6% during the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock valued at $760,000 after acquiring an additional 63 shares in the last quarter. Warwick Investment Management Inc. grew its stake in Marathon Petroleum by 4.6% in the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 63 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management increased its holdings in Marathon Petroleum by 4.2% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 64 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

MPC opened at $176.75 on Tuesday. The firm has a market capitalization of $53.13 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The business’s 50-day moving average is $177.35 and its two-hundred day moving average is $180.61. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. Research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s payout ratio is currently 42.64%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays lowered their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Piper Sandler lowered their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wells Fargo & Company dropped their target price on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Scotiabank reissued an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research report on Friday, January 16th. Finally, Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $197.19.

Marathon Petroleum 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.