Actinver Wealth Management Inc. bought a new position in shares of Marathon Petroleum Corp (NYSE:MPC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,821 shares of the oil and gas company’s stock, valued at approximately $357,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its position in Marathon Petroleum by 36.6% in the fourth quarter. BlackRock Inc. now owns 54,581,132 shares of the oil and gas company’s stock valued at $3,220,832,000 after acquiring an additional 14,619,755 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Marathon Petroleum by 0.7% during the third quarter. Vanguard Group Inc. now owns 35,373,004 shares of the oil and gas company’s stock worth $2,828,779,000 after buying an additional 255,599 shares in the last quarter. Vanguard Group Inc grew its position in shares of Marathon Petroleum by 0.7% during the third quarter. Vanguard Group Inc now owns 35,373,004 shares of the oil and gas company’s stock worth $2,828,779,000 after buying an additional 255,599 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Marathon Petroleum by 9,095.5% during the fourth 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Marathon Petroleum by 42.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,418,710 shares of the oil and gas company’s stock worth $732,828,000 after buying an additional 3,708,740 shares in the last quarter. 79.29% of the stock is owned by hedge funds and other institutional investors.
MPC has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. ValuEngine lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Citigroup reduced their target price on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a report on Monday, March 4th. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. Finally, Macquarie started 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $91.24.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.43. The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a return on equity of 14.14% and a net margin of 2.86%. The company’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. Sell-side analysts expect that Marathon Petroleum Corp will post 5.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is presently 31.27%.
In other news, CEO Gary R. Heminger sold 187,142 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 434,166 shares in the company, valued at $28,220,790. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.
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, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.
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