Commerzbank Aktiengesellschaft FI increased its position in Marathon Petroleum Corp (NYSE:MPC) by 547.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,527 shares of the oil and gas company’s stock after acquiring an additional 97,688 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marathon Petroleum were worth $6,817,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MPC. Bank of New York Mellon Corp raised its holdings in Marathon Petroleum by 44.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,506,332 shares of the oil and gas company’s stock worth $526,645,000 after acquiring an additional 2,297,774 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Marathon Petroleum by 7.8% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 49,685 shares of the oil and gas company’s stock worth $3,973,000 after acquiring an additional 3,586 shares during the last quarter. Andra AP fonden raised its holdings in Marathon Petroleum by 26.0% in the 3rd quarter. Andra AP fonden now owns 112,400 shares of the oil and gas company’s stock worth $8,989,000 after acquiring an additional 23,200 shares during the last quarter. BB&T Corp raised its holdings in Marathon Petroleum by 5.0% in the 3rd quarter. BB&T Corp now owns 21,352 shares of the oil and gas company’s stock worth $1,708,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in Marathon Petroleum by 18.3% in the 3rd quarter. Foundry Partners LLC now owns 273,324 shares of the oil and gas company’s stock worth $21,858,000 after acquiring an additional 42,200 shares during the last quarter. Institutional investors own 60.89% of the company’s stock.
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In other Marathon Petroleum news, Director Steven A. Davis acquired 2,500 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $62.20 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 16,462 shares in the company, valued at approximately $1,023,936.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven A. Davis acquired 3,500 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost of $62.14 per share, with a total value of $217,490.00. The disclosure for this purchase can be found here. Insiders own 1.09% of the company’s stock.
NYSE:MPC opened at $64.04 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.65 and a debt-to-equity ratio of 0.97. Marathon Petroleum Corp has a 12 month low of $54.29 and a 12 month high of $88.45. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.64 and a beta of 1.36.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.43. Marathon Petroleum had a net margin of 2.86% and a return on equity of 18.84%. The business had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts forecast that Marathon Petroleum Corp will post 6.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, February 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. Marathon Petroleum’s payout ratio is 27.14%.
A number of equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 price objective for the company. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. ValuEngine upgraded shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Standpoint Research assumed coverage on shares of Marathon Petroleum in a report on Wednesday, December 26th. They issued an “accumulate” rating for the company. Finally, Cowen restated an “outperform” rating and issued a $101.00 price objective (up from $87.00) on shares of Marathon Petroleum in a report on Thursday, December 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $92.41.
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Marathon Petroleum 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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