Guidance Capital Inc. Acquires 93 Shares of Marathon Petroleum Co. (NYSE:MPC)

Guidance Capital Inc. boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,938 shares of the oil and gas company’s stock after buying an additional 93 shares during the quarter. Guidance Capital Inc.’s holdings in Marathon Petroleum were worth $940,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC grew its position in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 100 shares during the period. Crewe Advisors LLC bought a new stake in Marathon Petroleum during the first quarter valued at approximately $29,000. TruNorth Capital Management LLC bought a new stake in Marathon Petroleum during the second quarter valued at approximately $35,000. Industrial Alliance Investment Management Inc. bought a new stake in Marathon Petroleum during the second quarter valued at approximately $35,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Marathon Petroleum in the first quarter worth approximately $40,000. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. dropped their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company dropped their price target on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Barclays dropped their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded down $3.45 during mid-day trading on Wednesday, hitting $154.79. 420,517 shares of the company’s stock traded hands, compared to its average volume of 2,665,529. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The company’s 50-day moving average is $166.98 and its two-hundred day moving average is $174.53. The company has a market capitalization of $54.54 billion, a P/E ratio of 7.81, a PEG ratio of 2.65 and a beta of 1.37.

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

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.13%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Marathon Petroleum Company Profile

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.