Marathon petroleum stock price advanced 0

Marathon Petroleum stock price advanced 0.9% to $150.76 after reports indicated strong throughput rates at its Gulf Coast facilities. Analysts note that efficient operations could enhance Q2 earnings momentum. That's what we like to see. Bear in mind, a high ROE doesn't always mean superior financial performance. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk. To know the 2 risks we have identified for Marathon Petroleum visit our risks dashboard for free. A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Woodward Diversified Capital LLC purchased a new stake in Marathon Petroleum during the second quarter valued at $306,000. Madrona Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter worth about $210,000. Northeast Financial Group Inc. purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $217,000. Trilogy Capital Inc. lifted its holdings in shares of Marathon Petroleum by 8.3% in the 2nd quarter. Trilogy Capital Inc. now owns 1,850 shares of the oil and gas company's stock valued at $307,000 after acquiring an additional 141 shares during the last quarter. Finally, Marino Stram & Associates LLC lifted its holdings in shares of Marathon Petroleum by 4.9% in the 2nd quarter. Marino Stram & Associates LLC now owns 11,961 shares of the oil and gas company's stock valued at $1,987,000 after acquiring an additional 564 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors. Get Marathon Petroleum alerts: Sign Up Wall Street Analysts Forecast Growth MPC has been the topic of a number of recent research reports. Citigroup upped their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Raymond James Financial increased their price target on Marathon Petroleum from $195.00 to $199.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Marathon Petroleum in a research note on Saturday, September 27th. Finally, Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $196.29. Venezuelan Tariffs Could Power These 3 Diesel-Driven Winners Read Our Latest Analysis on MPC Marathon Petroleum Stock Up 0.6% Shares of MPC opened at $193.31 on Friday. The firm has a fifty day moving average price of $177.02 and a 200-day moving average price of $162.25. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $58.77 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.35 and a beta of 0.90. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $201.61. 3 Stocks With Sky-High Buyback Yields Over the Last 12 Months Marathon Petroleum ( NYSE:MPC - Get Free Report ) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The firm's revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.12 EPS. Equities research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year. Marathon Petroleum Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.9%. Marathon Petroleum's payout ratio is presently 54.01%. Insider Transactions at Marathon Petroleum In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider directly owned 28,700 shares in the company, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . 0.21% of the stock is currently owned by company insiders. Marathon Petroleum Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Marathon Petroleum 3 REITs to Buy and Hold for the Long Term Why the Precious Metal Nobody Talks About Could Be Your Best Bet With Risk Tolerance, One Size Does Not Fit All Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback How to Invest in Blue Chip Stocks 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Marathon Petroleum Right Now? Before you consider Marathon Petroleum, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marathon Petroleum wasn't on the list. While Marathon Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Options Trading Made Easy - Download Now Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy. Get This Free Report Marathon Petroleum stock price reached $151.35, its highest in two weeks, after updated Energy Information Administration data showed a drawdown in U.S. gasoline inventories. Traders see potential for further breakout if inventory trends persist.