Reaves W H & Co. Inc. Has $19.27 Million Stock Holdings in Marathon Petroleum Corporation $MPC

Reaves W H & Co. Inc. reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 33.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 100,000 shares of the oil and gas company’s stock after selling 50,000 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Marathon Petroleum were worth $19,274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Associated Banc Corp raised its stake 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 worth $477,000 after buying an additional 52 shares during the period. CoreCap Advisors LLC raised 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 purchasing an additional 59 shares during the period. FSM Wealth Advisors LLC lifted its holdings in shares of Marathon Petroleum by 1.6% in the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after purchasing an additional 63 shares in the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Marathon Petroleum by 4.6% in the 3rd 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 grew its position in Marathon Petroleum by 4.2% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock valued at $262,000 after purchasing an additional 64 shares during the period. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MPC shares. Barclays dropped their price objective on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. TD Cowen increased their price objective on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group upped their price target on Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Scotiabank restated an “outperform” rating and set a $174.00 price objective on shares of Marathon Petroleum in a research note on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $202.19.

Marathon Petroleum Stock Up 0.6%

MPC stock opened at $204.28 on Tuesday. The stock has a market cap of $61.41 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.38 and a beta of 0.74. 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 stock’s fifty day simple moving average is $177.81 and its two-hundred day simple moving average is $181.40. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $206.45.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. Analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s payout ratio is 29.96%.

About Marathon Petroleum

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.