Two Sigma Advisers LP increased its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 936,846 shares of the oil and gas company’s stock after acquiring an additional 181,364 shares during the period. Two Sigma Advisers LP’s holdings in Marathon Petroleum were worth $55,283,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Reliance Trust Co. of Delaware increased its stake in Marathon Petroleum by 2.4% in the 4th quarter. Reliance Trust Co. of Delaware now owns 6,595 shares of the oil and gas company’s stock worth $389,000 after purchasing an additional 157 shares in the last quarter. Alpha Cubed Investments LLC increased its stake in Marathon Petroleum by 1.7% in the 4th quarter. Alpha Cubed Investments LLC now owns 9,810 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 162 shares in the last quarter. FTB Advisors Inc. increased its stake in Marathon Petroleum by 5.5% in the 4th quarter. FTB Advisors Inc. now owns 3,174 shares of the oil and gas company’s stock worth $187,000 after purchasing an additional 165 shares in the last quarter. Stillwater Investment Management LLC increased its stake in Marathon Petroleum by 0.5% in the 4th quarter. Stillwater Investment Management LLC now owns 33,501 shares of the oil and gas company’s stock worth $1,977,000 after purchasing an additional 180 shares in the last quarter. Finally, Optimum Investment Advisors increased its stake in Marathon Petroleum by 10.7% in the 4th quarter. Optimum Investment Advisors now owns 1,942 shares of the oil and gas company’s stock worth $115,000 after purchasing an additional 188 shares in the last quarter. 77.87% of the stock is currently owned by hedge funds and other institutional investors.
MPC has been the topic of a number of analyst reports. ValuEngine cut Marathon Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Cowen reaffirmed an “outperform” rating and set a $101.00 target price (up previously from $87.00) on shares of Marathon Petroleum in a research note on Thursday, December 6th. They noted that the move was a valuation call. Morgan Stanley lowered their target price on Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Citigroup lowered their target price on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, December 6th. Finally, Standpoint Research initiated coverage on Marathon Petroleum in a research note on Wednesday, December 26th. They set an “accumulate” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Marathon Petroleum presently has an average rating of “Buy” and an average price target of $92.85.
Shares of Marathon Petroleum stock traded down $0.73 during trading on Wednesday, hitting $61.31. 1,055,530 shares of the stock traded hands, compared to its average volume of 6,213,929. The firm has a market cap of $41.82 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 0.62. Marathon Petroleum Corp has a twelve month low of $54.29 and a twelve month high of $88.45.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.43. The business had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.16 billion. Marathon Petroleum had a return on equity of 14.14% and a net margin of 2.86%. The firm’s revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. As a group, equities research analysts predict that Marathon Petroleum Corp will post 6.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.46%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Tuesday, February 19th. Marathon Petroleum’s payout ratio is currently 31.27%.
In other news, CEO Gary R. Heminger sold 187,142 shares of Marathon Petroleum stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the sale, the chief executive officer now directly owns 434,166 shares in the company, valued at approximately $28,220,790. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.09% of the stock is owned by insiders.
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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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