Centaurus Financial Inc. bought a new stake in Marathon Petroleum Corp (NYSE:MPC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,756 shares of the oil and gas company’s stock, valued at approximately $1,238,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its position in shares of Marathon Petroleum by 9.8% during the second quarter. Lord Abbett & CO. LLC now owns 211,000 shares of the oil and gas company’s stock worth $11,042,000 after buying an additional 18,900 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Marathon Petroleum during the second quarter worth about $867,000. Shell Asset Management Co. grew its position in shares of Marathon Petroleum by 84.5% during the third quarter. Shell Asset Management Co. now owns 57,225 shares of the oil and gas company’s stock worth $4,845,000 after buying an additional 26,212 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Marathon Petroleum during the third quarter worth about $15,370,000. Finally, Alpha Windward LLC grew its position in shares of Marathon Petroleum by 171.0% during the third quarter. Alpha Windward LLC now owns 14,645 shares of the oil and gas company’s stock worth $821,000 after buying an additional 9,240 shares in the last quarter. 80.66% of the stock is owned by institutional investors.
Shares of Marathon Petroleum Corp (MPC) opened at $67.93 on Tuesday. The firm has a market capitalization of $33,180.00, a P/E ratio of 21.23, a P/E/G ratio of 0.95 and a beta of 1.50. Marathon Petroleum Corp has a 52 week low of $47.78 and a 52 week high of $73.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. The firm had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. The firm’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. analysts forecast that Marathon Petroleum Corp will post 5.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 2.71%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s payout ratio is currently 50.00%.
In other Marathon Petroleum news, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total value of $1,116,585.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 74,674 shares of the company’s stock, valued at approximately $4,848,582.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,276 shares of company stock valued at $3,835,809. 1.05% of the stock is owned by company insiders.
A number of equities analysts have recently commented on the company. Barclays reissued a “buy” rating and set a $90.00 price objective on shares of Marathon Petroleum in a research report on Friday. Goldman Sachs Group raised Marathon Petroleum from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 13th. Citigroup reissued a “buy” rating and set a $79.00 price objective on shares of Marathon Petroleum in a research report on Friday, February 2nd. Cowen reissued an “outperform” rating and set a $90.00 price objective (up from $76.00) on shares of Marathon Petroleum in a research report on Thursday, February 1st. Finally, Jefferies Group cut Marathon Petroleum from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Monday, February 5th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Marathon Petroleum has a consensus rating of “Buy” and an average target price of $75.25.
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Marathon Petroleum Company Profile
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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