8,729 Shares in Marathon Petroleum Corp (NYSE:MPC) Acquired by ARP Americas LP

ARP Americas LP purchased a new position in shares of Marathon Petroleum Corp (NYSE:MPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,729 shares of the oil and gas company’s stock, valued at approximately $326,000.

Other hedge funds have also modified their holdings of the company. Trustcore Financial Services LLC boosted its holdings in shares of Marathon Petroleum by 49.7% in the 2nd quarter. Trustcore Financial Services LLC now owns 1,027 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 341 shares in the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of Marathon Petroleum by 157.0% in the 1st quarter. Liberty Wealth Management LLC now owns 1,732 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 1,058 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Marathon Petroleum by 46.2% in the 1st quarter. Global Retirement Partners LLC now owns 2,027 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 641 shares in the last quarter. NewSquare Capital LLC boosted its holdings in shares of Marathon Petroleum by 215.6% in the 1st quarter. NewSquare Capital LLC now owns 2,225 shares of the oil and gas company’s stock valued at $53,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Marathon Petroleum by 60.8% in the 1st quarter. Sandy Spring Bank now owns 2,677 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 1,012 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MPC traded up $0.12 during trading hours on Friday, hitting $38.20. 9,998,483 shares of the company were exchanged, compared to its average volume of 6,517,359. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of -3.73 and a beta of 2.22. The company has a current ratio of 1.16, a quick ratio of 0.61 and a debt-to-equity ratio of 1.02. Marathon Petroleum Corp has a one year low of $15.26 and a one year high of $69.65. The company has a fifty day simple moving average of $37.01 and a 200 day simple moving average of $38.13.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.15. Marathon Petroleum had a positive return on equity of 7.88% and a negative net margin of 5.48%. The business had revenue of $24.08 billion during the quarter, compared to analyst estimates of $27.96 billion. During the same period last year, the company earned ($0.09) EPS. Marathon Petroleum’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corp will post -2.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.32 dividend on an annualized basis and a yield of 6.07%. Marathon Petroleum’s payout ratio is currently 46.96%.

A number of brokerages have recently commented on MPC. Piper Sandler increased their price target on Marathon Petroleum from $39.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Credit Suisse Group increased their price target on Marathon Petroleum from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. TheStreet cut Marathon Petroleum from a “c” rating to a “d” rating in a research note on Tuesday, May 5th. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group increased their price target on Marathon Petroleum from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $49.64.

Marathon Petroleum Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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