WINTON GROUP Ltd grew its stake in Marathon Petroleum Corp (NYSE:MPC) by 58.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,774 shares of the oil and gas company’s stock after buying an additional 79,400 shares during the quarter. WINTON GROUP Ltd’s holdings in Marathon Petroleum were worth $17,175,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its holdings in Marathon Petroleum by 42.7% during the second quarter. IFM Investors Pty Ltd now owns 21,773 shares of the oil and gas company’s stock worth $1,528,000 after purchasing an additional 6,510 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Marathon Petroleum by 6.7% during the second quarter. CENTRAL TRUST Co now owns 16,195 shares of the oil and gas company’s stock worth $1,136,000 after purchasing an additional 1,021 shares during the last quarter. Farmers Trust Co. acquired a new position in Marathon Petroleum during the second quarter worth $706,000. Polianta Ltd acquired a new position in Marathon Petroleum during the second quarter worth $1,211,000. Finally, Osborn Williams & Donohoe LLC acquired a new position in Marathon Petroleum during the second quarter worth $6,381,000. Institutional investors own 83.07% of the company’s stock.
NYSE MPC opened at $68.52 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.60. Marathon Petroleum Corp has a 1 year low of $60.10 and a 1 year high of $88.45. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.95 and a beta of 1.50.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.02. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.21%. The firm had revenue of $23.13 billion for the quarter, compared to analyst estimates of $23.20 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities research analysts anticipate that Marathon Petroleum Corp will post 5.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 48.42%.
Several brokerages recently commented on MPC. Citigroup increased their target price on shares of Marathon Petroleum from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Tudor Pickering upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Morgan Stanley set a $110.00 target price on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Friday, October 12th. Zacks Investment Research cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.38.
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Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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