Coldstream Capital Management Inc. Decreases Holdings in Marathon Petroleum Corporation $MPC

Coldstream Capital Management Inc. lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,864 shares of the oil and gas company’s stock after selling 2,198 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Marathon Petroleum were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MPC. Activest Wealth Management boosted its stake in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. WPG Advisers LLC bought a new stake in Marathon Petroleum in the first quarter worth $32,000. NewSquare Capital LLC lifted its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Stone House Investment Management LLC boosted its position in Marathon Petroleum by 46.1% during the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 71 shares during the period. Finally, Operose Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at about $42,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $190.53 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The firm’s fifty day simple moving average is $190.87 and its 200 day simple moving average is $176.34. The stock has a market cap of $57.27 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.29.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. As a group, research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.1%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

Analysts Set New Price Targets

MPC has been the subject of several analyst reports. UBS Group increased their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. Barclays increased their price objective on Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Bank of America lifted their target price on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $202.14.

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.