AlphaMark Advisors LLC boosted its holdings in Marathon Petroleum Co. (NYSE:MPC – Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,071 shares of the oil and gas company’s stock after buying an additional 536 shares during the quarter. AlphaMark Advisors LLC’s holdings in Marathon Petroleum were worth $1,823,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Marathon Petroleum by 342.1% in the 3rd quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock valued at $911,274,000 after purchasing an additional 4,328,470 shares in the last quarter. Pacer Advisors Inc. boosted its position in Marathon Petroleum by 8.8% in the third quarter. Pacer Advisors Inc. now owns 2,905,610 shares of the oil and gas company’s stock valued at $473,353,000 after buying an additional 235,795 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Marathon Petroleum by 45.4% during the third quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company’s stock worth $217,560,000 after buying an additional 415,368 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Marathon Petroleum by 19,153.8% during the third quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company’s stock worth $213,605,000 after buying an additional 1,304,372 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Marathon Petroleum by 3.1% in the 3rd quarter. National Pension Service now owns 977,250 shares of the oil and gas company’s stock valued at $159,204,000 after acquiring an additional 29,008 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on MPC shares. Scotiabank lowered their target price on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Bank of America assumed coverage on Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective for the company. Barclays cut their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their price target on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.20.
Marathon Petroleum Trading Down 1.9 %
Shares of MPC stock opened at $151.43 on Friday. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The stock has a 50 day simple moving average of $147.18 and a two-hundred day simple moving average of $158.58. The company has a market cap of $48.67 billion, a P/E ratio of 12.00, a PEG ratio of 2.88 and a beta of 1.42.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.90. The firm had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The business’s revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.14 earnings per share. Research analysts forecast that Marathon Petroleum Co. will post 8.88 earnings per share for the current year.
Marathon Petroleum Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were issued a $0.91 dividend. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Wednesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 28.84%.
Marathon Petroleum announced that its board has initiated a stock buyback program on Tuesday, November 5th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Insider Activity at Marathon Petroleum
In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now owns 6,090 shares in the company, valued at $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.
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.
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