BB&T Securities LLC increased its stake in Marathon Petroleum Corp (NYSE:MPC) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,242 shares of the oil and gas company’s stock after purchasing an additional 1,818 shares during the quarter. BB&T Securities LLC’s holdings in Marathon Petroleum were worth $2,845,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kistler Tiffany Companies LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $30,000. San Francisco Sentry Investment Group CA increased its holdings in shares of 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 in the last quarter. BerganKDV Wealth Management LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $36,000. FNY Investment Advisers LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $37,000. Finally, Bartlett & Co. LLC increased its holdings in shares of Marathon Petroleum by 60.5% in the 4th quarter. Bartlett & Co. LLC now owns 642 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 60.89% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Cowen cut 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. Macquarie assumed coverage on shares of Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 price target for the company. Piper Jaffray Companies reiterated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. ValuEngine downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Standpoint Research began coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They issued an “accumulate” rating on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $92.41.
In other Marathon Petroleum news, Director Steven A. Davis acquired 2,500 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average cost of $62.20 per share, with a total value of $155,500.00. Following the purchase, the director now owns 16,462 shares in the company, valued at $1,023,936.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.
Shares of NYSE MPC opened at $63.65 on Thursday. The stock has a market capitalization of $42.64 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.64 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 debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.43. The firm had revenue of $32.54 billion for the quarter, compared to analysts’ expectations 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 was up 53.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. As a group, equities research analysts expect that Marathon Petroleum Corp will post 6.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.33%. This is a boost 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 is presently 27.14%.
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About Marathon Petroleum
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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