Venture Visionary Partners LLC Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Venture Visionary Partners LLC grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,741 shares of the oil and gas company’s stock after buying an additional 1,186 shares during the period. Venture Visionary Partners LLC’s holdings in Marathon Petroleum were worth $9,244,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC boosted its position in 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 worth $25,000 after purchasing an additional 100 shares during the period. Crewe Advisors LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth $29,000. TruNorth Capital Management LLC purchased a new stake in Marathon Petroleum during the 2nd quarter worth $35,000. Industrial Alliance Investment Management Inc. purchased a new stake in Marathon Petroleum during the 2nd quarter worth $35,000. Finally, Wellington Shields & Co. LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth $40,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 0.9 %

Shares of NYSE:MPC traded down $1.39 during trading on Monday, hitting $156.91. 2,203,186 shares of the company’s stock were exchanged, compared to its average volume of 2,680,519. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The firm has a 50-day moving average price of $167.72 and a two-hundred day moving average price of $175.38. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a market cap of $55.28 billion, a P/E ratio of 7.91, a PEG ratio of 2.65 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. The firm had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.32 earnings per share. Equities analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s payout ratio is currently 16.48%.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Bank of America started coverage on shares of Marathon Petroleum in a report on Thursday. They issued a “neutral” rating and a $174.00 price objective for the company. Wolfe Research started coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. 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’s stock. According to MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $187.00.

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.