Clarius Group LLC Has $754,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Clarius Group LLC lessened its stake in Marathon Petroleum Co. (NYSE:MPC) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,345 shares of the oil and gas company’s stock after selling 297 shares during the quarter. Clarius Group LLC’s holdings in Marathon Petroleum were worth $754,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Scarborough Advisors LLC increased its position in Marathon Petroleum by 10.7% in the fourth quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock worth $323,000 after buying an additional 210 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Marathon Petroleum during the first quarter worth about $36,823,000. First Horizon Advisors Inc. grew its position in Marathon Petroleum by 8.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,174 shares of the oil and gas company’s stock worth $174,000 after buying an additional 96 shares in the last quarter. Canoe Financial LP purchased a new position in Marathon Petroleum during the fourth quarter worth about $33,604,000. Finally, Fidelis Capital Partners LLC grew its position in Marathon Petroleum by 3.2% during the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock worth $615,000 after buying an additional 94 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho reduced their target price on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Barclays reduced their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Wolfe Research started coverage on Marathon Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $200.00 target price for the company. TD Cowen lifted their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James dropped their price target on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 30th. Six investment 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 stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $198.38.

Marathon Petroleum Stock Up 0.6 %

Shares of MPC stock traded up $1.08 during midday trading on Friday, reaching $175.23. 213,037 shares of the stock were exchanged, compared to its average volume of 2,631,674. Marathon Petroleum Co. has a 1 year low of $139.32 and a 1 year high of $221.11. The company’s 50 day moving average is $170.94 and its two-hundred day moving average is $178.98. The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $61.74 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.32 EPS. On average, equities research analysts predict that Marathon Petroleum Co. will post 13.84 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be paid a $0.825 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.88%. Marathon Petroleum’s payout ratio is currently 16.48%.

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

Marathon Petroleum Company 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.