Founders Financial Securities LLC Has $863,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Founders Financial Securities LLC grew its position in Marathon Petroleum Co. (NYSE:MPC) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,972 shares of the oil and gas company’s stock after purchasing an additional 924 shares during the period. Founders Financial Securities LLC’s holdings in Marathon Petroleum were worth $863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. NBC Securities Inc. raised its holdings in shares of Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after acquiring an additional 55 shares during the period. Guidance Capital Inc. raised its holdings in shares of Marathon Petroleum by 1.1% during the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock worth $1,135,000 after acquiring an additional 57 shares during the period. WR Wealth Planners LLC raised its holdings in shares of Marathon Petroleum by 15.2% during the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 57 shares during the period. Bruce G. Allen Investments LLC increased its stake in Marathon Petroleum by 27.3% in the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 59 shares during the last quarter. Finally, First Financial Corp IN increased its stake in Marathon Petroleum by 2.5% in the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after buying an additional 59 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MPC. Jefferies Financial Group lifted their price target on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. JPMorgan Chase & Co. lowered their price target on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. TD Cowen lifted their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Finally, Scotiabank lowered their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.38.

Marathon Petroleum Trading Down 1.2 %

Shares of NYSE:MPC opened at $171.75 on Thursday. Marathon Petroleum Co. has a 52-week low of $139.32 and a 52-week high of $221.11. The company has a market capitalization of $60.51 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40. The company has a 50-day simple moving average of $171.45 and a 200 day simple moving average of $180.32. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $5.32 EPS. Sell-side analysts forecast that Marathon Petroleum Co. will post 12.68 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 1.92%. 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.