QS Investors LLC Buys 4,816 Shares of Marathon Petroleum Corporation (MPC)
QS Investors LLC lifted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 212,258 shares of the oil and gas company’s stock after acquiring an additional 4,816 shares during the quarter. QS Investors LLC’s holdings in Marathon Petroleum Corporation were worth $11,107,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. CGOV Asset Management grew its holdings in Marathon Petroleum Corporation by 30.0% during the first quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock worth $875,000 after purchasing an additional 3,000 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Marathon Petroleum Corporation by 11.4% during the first quarter. UBS Asset Management Americas Inc. now owns 1,882,316 shares of the oil and gas company’s stock worth $95,132,000 after purchasing an additional 193,280 shares during the period. Denver Investment Advisors LLC grew its holdings in Marathon Petroleum Corporation by 0.8% during the first quarter. Denver Investment Advisors LLC now owns 190,236 shares of the oil and gas company’s stock worth $9,615,000 after purchasing an additional 1,486 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Marathon Petroleum Corporation by 26.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 78,099 shares of the oil and gas company’s stock worth $3,947,000 after purchasing an additional 16,156 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Marathon Petroleum Corporation by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 3,244,031 shares of the oil and gas company’s stock worth $163,953,000 after purchasing an additional 18,842 shares during the period. 78.25% of the stock is currently owned by institutional investors and hedge funds.
In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.05% of the company’s stock.
Marathon Petroleum Corporation (NYSE MPC) traded up 0.31% during midday trading on Thursday, hitting $55.41. 1,237,672 shares of the company were exchanged. Marathon Petroleum Corporation has a 1-year low of $39.29 and a 1-year high of $56.81. The firm has a market capitalization of $28.05 billion, a PE ratio of 33.04 and a beta of 1.56. The stock has a 50 day moving average of $52.72 and a 200 day moving average of $52.13.
Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same period in the previous year, the firm earned $1.07 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post $2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 14th. This represents a $1.60 annualized dividend and a yield of 2.90%. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. Marathon Petroleum Corporation’s payout ratio is presently 90.91%.
A number of brokerages have recently issued reports on MPC. Royal Bank Of Canada restated a “buy” rating and set a $69.00 price objective on shares of Marathon Petroleum Corporation in a report on Thursday, June 1st. BidaskClub cut Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Scotiabank set a $55.00 price objective on Marathon Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, July 11th. Credit Suisse Group restated a “buy” rating and set a $64.00 price objective on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.67.
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Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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