AlphaMark Advisors LLC Buys 122 Shares of Marathon Petroleum Co. (NYSE:MPC)

AlphaMark Advisors LLC boosted its stake in Marathon Petroleum Co. (NYSE:MPC) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 12,497 shares of the oil and gas company’s stock after acquiring an additional 122 shares during the period. Marathon Petroleum makes up approximately 0.8% of AlphaMark Advisors LLC’s holdings, making the stock its 24th largest holding. AlphaMark Advisors LLC’s holdings in Marathon Petroleum were worth $2,168,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC grew its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter valued at $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Finally, Vima LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. StockNews.com cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Scotiabank lowered their target price 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. Raymond James lowered their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 30th. Finally, Piper Sandler lowered their target price 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. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $198.38.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $1.70 during mid-day trading on Thursday, hitting $180.75. 2,387,139 shares of the company’s stock traded hands, compared to its average volume of 2,644,414. The company’s 50-day moving average is $171.17 and its two-hundred day moving average is $179.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.99. The company has a market capitalization of $63.68 billion, a P/E ratio of 9.03, a PEG ratio of 2.09 and a beta of 1.40. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11.

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 the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.32 EPS. On average, equities analysts anticipate that Marathon Petroleum Co. will post 13.84 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 1.83%. Marathon Petroleum’s payout ratio is 16.48%.

Marathon Petroleum declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 30th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Marathon Petroleum 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.