Harel Insurance Investments & Financial Services Ltd. Trims Stake in Marathon Petroleum Corp (MPC)

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Marathon Petroleum Corp (NYSE:MPC) by 99.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the oil and gas company’s stock after selling 308,280 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Marathon Petroleum were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPC. BlackRock Inc. lifted its holdings in shares of Marathon Petroleum by 36.6% in 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 acquiring an additional 14,619,755 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Marathon Petroleum by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 35,373,004 shares of the oil and gas company’s stock valued at $2,828,779,000 after buying an additional 255,599 shares in the last quarter. Vanguard Group Inc lifted its holdings in Marathon Petroleum by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 35,373,004 shares of the oil and gas company’s stock valued at $2,828,779,000 after buying an additional 255,599 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 valued at $238,000 after buying an additional 13,889,489 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Marathon Petroleum by 42.6% during the 4th quarter. Bank of New York Mellon Corp now owns 12,418,710 shares of the oil and gas company’s stock valued at $732,828,000 after buying an additional 3,708,740 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

NYSE:MPC traded up $0.19 during trading hours on Friday, hitting $53.15. 10,158,865 shares of the company were exchanged, compared to its average volume of 7,238,531. The company has a market cap of $35.67 billion, a PE ratio of 7.84, a P/E/G ratio of 1.25 and a beta of 1.35. Marathon Petroleum Corp has a 52-week low of $52.03 and a 52-week high of $88.45. The company has a current ratio of 1.36, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10). The company had revenue of $28.62 billion for the quarter, compared to analysts’ expectations of $27.70 billion. Marathon Petroleum had a return on equity of 12.69% and a net margin of 2.56%. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. As a group, analysts expect that Marathon Petroleum Corp will post 5.26 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 31.27%.

In other news, CEO Gary R. Heminger sold 187,142 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $12,164,230.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on MPC shares. Macquarie started coverage on shares of Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price objective for the company. Citigroup reduced their price target on shares of Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating for the company in a report on Monday, March 4th. ValuEngine lowered shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Raymond James reduced their price target on shares of Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 10th. Finally, Morgan Stanley reduced their price target on shares of Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating for the company in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $86.83.

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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, 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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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