Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 900.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,090 shares of the oil and gas company’s stock after buying an additional 1,881 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Marathon Petroleum were worth $123,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Kistler Tiffany Companies LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $30,000. FNY Investment Advisers LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $37,000. Contravisory Investment Management Inc. lifted its stake in Marathon Petroleum by 193.3% during the fourth quarter. Contravisory Investment Management Inc. now owns 742 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 489 shares in the last quarter. Csenge Advisory Group purchased a new stake in Marathon Petroleum during the third quarter valued at about $82,000. Finally, Cornerstone Advisors Inc. lifted its stake in Marathon Petroleum by 15.1% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,524 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 200 shares in the last quarter. 60.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Cowen reissued an “outperform” rating and issued a $101.00 price target (up from $87.00) on shares of Marathon Petroleum in a research report on Thursday, December 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 19th. Citigroup dropped their price objective on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, December 6th. Macquarie started coverage on Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 price objective on the stock. Finally, ValuEngine downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Three 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. The company presently has a consensus rating of “Buy” and a consensus target price of $92.41.
Shares of NYSE MPC opened at $63.65 on Thursday. Marathon Petroleum Corp has a 52-week low of $54.29 and a 52-week high of $88.45. The firm has a market cap of $42.64 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 0.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09.
Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.43. The company had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.16 billion. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. As a group, sell-side analysts predict that Marathon Petroleum Corp will post 6.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.33%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 27.14%.
Marathon Petroleum 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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