Raleigh Capital Management Inc. Has $305,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Raleigh Capital Management Inc. grew its position in Marathon Petroleum Co. (NYSE:MPC) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,874 shares of the oil and gas company’s stock after acquiring an additional 135 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Marathon Petroleum were worth $305,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC boosted its stake in shares of 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 acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth about $29,000. TruNorth Capital Management LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $35,000. Industrial Alliance Investment Management Inc. bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $35,000. Finally, Wellington Shields & Co. LLC bought a new stake in shares of Marathon Petroleum during the 1st quarter worth about $40,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 0.8 %

MPC stock opened at $158.24 on Wednesday. The business has a fifty day moving average price of $166.98 and a 200 day moving average price of $174.53. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The stock has a market capitalization of $55.75 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 2.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last released its 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. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $5.32 EPS. Analysts expect that Marathon Petroleum Co. will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.09%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Analysts Set New Price Targets

MPC has been the subject of several recent analyst reports. Mizuho decreased their price target on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Barclays decreased their target price on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Citigroup decreased their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Bank of America began coverage on Marathon Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price for the company. Finally, BMO Capital Markets reduced their price objective on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum 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.