BB&T Securities LLC Raises Holdings in Marathon Petroleum Corp (MPC)

BB&T Securities LLC boosted its position in Marathon Petroleum Corp (NYSE:MPC) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,677 shares of the oil and gas company’s stock after buying an additional 5,385 shares during the quarter. BB&T Securities LLC’s holdings in Marathon Petroleum were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Greenleaf Trust boosted its stake in Marathon Petroleum by 10.1% in the second quarter. Greenleaf Trust now owns 6,953 shares of the oil and gas company’s stock worth $488,000 after buying an additional 635 shares in the last quarter. MUFG Americas Holdings Corp boosted its stake in Marathon Petroleum by 2.4% in the second quarter. MUFG Americas Holdings Corp now owns 27,240 shares of the oil and gas company’s stock worth $1,911,000 after buying an additional 639 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Marathon Petroleum by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 51,889 shares of the oil and gas company’s stock worth $3,641,000 after buying an additional 692 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Marathon Petroleum by 63.8% in the first quarter. Quadrant Capital Group LLC now owns 1,787 shares of the oil and gas company’s stock worth $120,000 after buying an additional 696 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC boosted its stake in shares of Marathon Petroleum by 15.5% during the first quarter. Gyroscope Capital Management Group LLC now owns 5,248 shares of the oil and gas company’s stock valued at $384,000 after purchasing an additional 706 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Shares of Marathon Petroleum stock opened at $84.09 on Friday. 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 $37.67 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42. Marathon Petroleum Corp has a 52 week low of $52.26 and a 52 week high of $85.34.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, July 26th. The oil and gas company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.29. The company had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.14 billion. Marathon Petroleum had a return on equity of 12.83% and a net margin of 4.89%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. equities analysts predict that Marathon Petroleum Corp will post 5.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Thursday, August 16th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.19%. Marathon Petroleum’s dividend payout ratio is presently 48.42%.

A number of analysts have recently weighed in on MPC shares. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, August 27th. ValuEngine lowered Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 6th. Wells Fargo & Co raised Marathon Petroleum from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $83.27 to $80.00 in a research note on Tuesday, May 29th. Tudor Pickering lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $87.00 price objective on shares of Marathon Petroleum in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Marathon Petroleum has an average rating of “Buy” and an average target price of $87.12.

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

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