81,542 Shares in Marathon Petroleum Corporation $MPC Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 81,542 shares of the oil and gas company’s stock, valued at approximately $32,243,000.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Marathon Petroleum by 0.3% during the third quarter. ProShare Advisors LLC now owns 55,907 shares of the oil and gas company’s stock valued at $22,107,000 after buying an additional 154 shares during the period. Vise Technologies Inc. lifted its stake in Marathon Petroleum by 16.0% in the third quarter. Vise Technologies Inc. now owns 23,922 shares of the oil and gas company’s stock worth $9,459,000 after acquiring an additional 3,294 shares during the period. Investment Partners LTD. lifted its stake in Marathon Petroleum by 10.1% in the third quarter. Investment Partners LTD. now owns 1,105 shares of the oil and gas company’s stock worth $437,000 after acquiring an additional 101 shares during the period. Unison Advisors LLC boosted its holdings in Marathon Petroleum by 0.3% in the third quarter. Unison Advisors LLC now owns 16,436 shares of the oil and gas company’s stock valued at $6,499,000 after acquiring an additional 57 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in Marathon Petroleum by 2.0% in the third quarter. Moss Adams Wealth Advisors LLC now owns 1,367 shares of the oil and gas company’s stock valued at $540,000 after acquiring an additional 27 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 3.3%

Shares of Marathon Petroleum stock opened at $430.08 on Tuesday. The company has a 50-day simple moving average of $419.16 and a two-hundred day simple moving average of $291.04. The stock has a market capitalization of $125.56 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.12 and a beta of 0.54. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $493.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.96 earnings per share. On average, analysts anticipate that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MPC. The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Barclays boosted their price target on shares of Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Raymond James Financial increased their price target on shares of Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Finally, Bank of America lifted their price objective on Marathon Petroleum from $410.00 to $426.00 and gave the company a “neutral” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $424.31.

Insiders Place Their Bets

In other news, SVP Shawn M. Lyon sold 1,000 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $375.75, for a total transaction of $375,750.00. Following the transaction, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. This represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,691 shares of company stock valued at $7,780,127. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.