Valeo Financial Advisors LLC Acquires 762 Shares of Marathon Petroleum Co. (NYSE:MPC)

Valeo Financial Advisors LLC increased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 9.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,107 shares of the oil and gas company’s stock after buying an additional 762 shares during the period. Valeo Financial Advisors LLC’s holdings in Marathon Petroleum were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Raymond James & Associates raised its stake in Marathon Petroleum by 2.6% in the second quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock worth $743,690,000 after buying an additional 107,915 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Marathon Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock worth $620,815,000 after buying an additional 31,100 shares in the last quarter. Boston Partners raised its stake in Marathon Petroleum by 0.3% in the first quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock worth $558,390,000 after buying an additional 8,476 shares in the last quarter. Pacer Advisors Inc. raised its stake in Marathon Petroleum by 8.5% in the second quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock worth $463,160,000 after buying an additional 209,270 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Marathon Petroleum by 7.6% in the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock worth $335,241,000 after buying an additional 117,790 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $164.26 on Friday. Marathon Petroleum Co. has a one year low of $140.98 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The firm has a market cap of $57.87 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 2.65 and a beta of 1.37. The firm’s fifty day moving average is $168.89 and its two-hundred day moving average is $177.20.

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

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s payout ratio is 16.48%.

Analysts Set New Price Targets

MPC has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday. BMO Capital Markets reduced their price target on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Barclays reduced their price target on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday. Morgan Stanley reduced their price target on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Jefferies Financial Group upped their price target 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 research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $190.73.

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.