Psagot Investment House Ltd. lowered its holdings in Marathon Petroleum Corp (NYSE:MPC) by 8.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,885 shares of the oil and gas company’s stock after selling 1,590 shares during the quarter. Psagot Investment House Ltd.’s holdings in Marathon Petroleum were worth $1,011,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MPC. BlackRock Inc. grew its stake in Marathon Petroleum by 36.6% during the 4th quarter. BlackRock Inc. now owns 54,581,132 shares of the oil and gas company’s stock worth $3,220,832,000 after purchasing an additional 14,619,755 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Marathon Petroleum by 9,095.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,042,197 shares of the oil and gas company’s stock worth $238,000 after buying an additional 13,889,489 shares during the last quarter. Norges Bank purchased a new stake in Marathon Petroleum during the 4th quarter worth about $462,677,000. Boston Partners lifted its holdings in Marathon Petroleum by 81.9% during the 4th quarter. Boston Partners now owns 12,173,365 shares of the oil and gas company’s stock worth $718,350,000 after buying an additional 5,479,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Marathon Petroleum by 70.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,065,459 shares of the oil and gas company’s stock worth $593,940,000 after buying an additional 4,153,879 shares during the last quarter. Institutional investors own 77.93% of the company’s stock.
NYSE MPC traded down $1.36 on Wednesday, hitting $51.92. 5,368,787 shares of the company’s stock were exchanged, compared to its average volume of 6,700,542. The stock has a market capitalization of $35.01 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.31 and a beta of 1.35. The company has a current ratio of 1.20, a quick ratio of 0.55 and a debt-to-equity ratio of 0.69. Marathon Petroleum Corp has a fifty-two week low of $50.19 and a fifty-two week high of $88.45.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). The firm had revenue of $28.62 billion during the quarter, compared to analyst estimates of $27.70 billion. Marathon Petroleum had a return on equity of 11.10% and a net margin of 2.56%. The business’s revenue was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Equities analysts forecast that Marathon Petroleum Corp will post 4.77 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.
A number of analysts have issued reports on MPC shares. Citigroup decreased their price target on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a report on Monday, March 4th. Cowen downgraded Marathon Petroleum from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $65.00 in a report on Friday, May 10th. Macquarie initiated coverage on Marathon Petroleum in a report on Tuesday, February 5th. They issued an “outperform” rating and a $67.18 target price for the company. Royal Bank of Canada reduced their target price on Marathon Petroleum from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Finally, Wells Fargo & Co reduced their target price on Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $85.68.
In other Marathon Petroleum news, CEO Gary R. Heminger sold 187,142 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald C. Templin purchased 5,000 shares of Marathon Petroleum stock in a transaction on Wednesday, May 15th. The shares were acquired at an average cost of $50.74 per share, for a total transaction of $253,700.00. Following the purchase, the insider now owns 93,182 shares in the company, valued at $4,728,054.68. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by corporate insiders.
Marathon Petroleum Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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