Winch Advisory Services LLC Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Winch Advisory Services LLC increased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 96.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 545 shares of the oil and gas company’s stock after acquiring an additional 267 shares during the quarter. Winch Advisory Services LLC’s holdings in Marathon Petroleum were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Raleigh Capital Management Inc. boosted its holdings in shares of Marathon Petroleum by 7.8% in the third quarter. Raleigh Capital Management Inc. now owns 1,874 shares of the oil and gas company’s stock worth $305,000 after buying an additional 135 shares during the last quarter. Venture Visionary Partners LLC lifted its holdings in Marathon Petroleum by 2.1% during the third quarter. Venture Visionary Partners LLC now owns 56,741 shares of the oil and gas company’s stock valued at $9,244,000 after purchasing an additional 1,186 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in Marathon Petroleum during the third quarter valued at approximately $84,000. McClarren Financial Advisors Inc. raised its position in shares of Marathon Petroleum by 77.5% during the third quarter. McClarren Financial Advisors Inc. now owns 307 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 134 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Marathon Petroleum by 35.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 158,392 shares of the oil and gas company’s stock valued at $25,804,000 after buying an additional 41,131 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of several research reports. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Mizuho lowered their price objective on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Morgan Stanley reduced their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Scotiabank cut their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Trading Down 0.9 %

Shares of NYSE:MPC opened at $156.91 on Tuesday. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The firm has a market capitalization of $55.28 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The business’s 50 day moving average price is $167.33 and its 200-day moving average price is $174.96.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter last year, the firm posted $5.32 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.10%. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.