QS Investors LLC reduced its position in Marathon Petroleum Corp (NYSE:MPC) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,586 shares of the oil and gas company’s stock after selling 21,241 shares during the period. QS Investors LLC’s holdings in Marathon Petroleum were worth $9,005,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware boosted 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 boosted 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. boosted 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 boosted 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 boosted 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. Institutional investors and hedge funds own 76.09% of the company’s stock.
NYSE:MPC opened at $60.36 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The company has a market cap of $40.21 billion, a PE ratio of 8.90, a PEG ratio of 0.62 and a beta of 1.38. Marathon Petroleum Corp has a 1-year low of $54.29 and a 1-year high of $88.45.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.43. The firm had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Analysts expect that Marathon Petroleum Corp will post 6.28 earnings per share for the current fiscal year.
The company also recently announced 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 3.51%. 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 31.27%.
A number of research firms recently commented on MPC. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Standpoint Research assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They set an “accumulate” rating for the company. Cowen decreased their price objective on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 28th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Finally, Citigroup decreased their price objective on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $92.09.
In other news, CEO Gary R. Heminger sold 187,142 shares of Marathon Petroleum stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the transaction, the chief executive officer now directly owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.09% of the stock is owned by insiders.
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About Marathon Petroleum
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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