McAdam LLC Takes Position in Marathon Petroleum Co. (NYSE:MPC)

McAdam LLC bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,621 shares of the oil and gas company's stock, valued at approximately $1,404,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC boosted its holdings 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 valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Marathon Petroleum in the first quarter valued at about $29,000. Wellington Shields & Co. LLC purchased a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $40,000. TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Marathon Petroleum during the second quarter worth about $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Scotiabank cut their price target on Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Marathon Petroleum from $196.00 to $183.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Bank of America assumed coverage on shares of Marathon Petroleum in a research report on Thursday, October 17th. They issued a "neutral" rating and a $174.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $187.00.

Marathon Petroleum Trading Down 0.6 %

Shares of MPC traded down $0.88 during mid-day trading on Thursday, reaching $152.88. The company had a trading volume of 1,548,481 shares, compared to its average volume of 2,674,760. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. 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 fifty day simple moving average of $166.48 and a 200-day simple moving average of $174.39. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion for 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 company's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.32 EPS. On average, sell-side 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 issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.16%. Marathon Petroleum's dividend payout ratio is currently 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.