First Quadrant L P CA trimmed its position in Marathon Petroleum Corp (NYSE:MPC) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 588,775 shares of the oil and gas company’s stock after selling 4,873 shares during the period. Marathon Petroleum makes up about 0.7% of First Quadrant L P CA’s portfolio, making the stock its 12th largest holding. First Quadrant L P CA owned 0.12% of Marathon Petroleum worth $38,847,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Thrivent Financial For Lutherans lifted its position in Marathon Petroleum by 1.4% in the second quarter. Thrivent Financial For Lutherans now owns 19,748 shares of the oil and gas company’s stock worth $1,033,000 after purchasing an additional 280 shares during the period. Van ECK Associates Corp increased its holdings in shares of Marathon Petroleum by 31.6% in the second quarter. Van ECK Associates Corp now owns 5,600 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 1,344 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Marathon Petroleum by 93.2% in the second quarter. GSA Capital Partners LLP now owns 11,397 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 5,497 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Marathon Petroleum by 77.6% in the second quarter. D.A. Davidson & CO. now owns 12,061 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 5,269 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its holdings in shares of Marathon Petroleum by 15.1% in the second quarter. ETRADE Capital Management LLC now owns 9,253 shares of the oil and gas company’s stock valued at $484,000 after buying an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Several research analysts have issued reports on MPC shares. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Cowen reissued a “buy” rating on shares of Marathon Petroleum in a research note on Tuesday, November 14th. Goldman Sachs Group raised shares of Marathon Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Citigroup boosted their target price on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.08.
In other news, VP Rodney P. Nichols sold 6,374 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.93, for a total value of $413,863.82. Following the transaction, the vice president now directly owns 74,674 shares of the company’s stock, valued at $4,848,582.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total transaction of $2,305,359.00. The disclosure for this sale can be found here. Insiders sold 59,276 shares of company stock worth $3,835,809 over the last ninety days. 1.05% of the stock is currently owned by company insiders.
Marathon Petroleum Corp (NYSE:MPC) opened at $68.16 on Thursday. Marathon Petroleum Corp has a one year low of $47.78 and a one year high of $73.53. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The firm has a market cap of $33,290.00, a price-to-earnings ratio of 21.30, a PEG ratio of 0.89 and a beta of 1.50.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The business had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Marathon Petroleum’s revenue for the quarter was up 22.9% compared to the same quarter last year. research analysts predict that Marathon Petroleum Corp will post 5.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a $0.46 dividend. The ex-dividend date is Tuesday, February 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.70%. Marathon Petroleum’s dividend payout ratio is 50.00%.
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About Marathon Petroleum
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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