Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 1,131 Shares of Marathon Petroleum Corporation (MPC)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,999 shares of the oil and gas company’s stock after buying an additional 1,131 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marathon Petroleum Corporation were worth $4,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. bought a new stake in Marathon Petroleum Corporation in the 2nd quarter worth approximately $100,000. Lee Financial Co lifted its position in Marathon Petroleum Corporation by 2.4% in the 2nd quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares during the last quarter. Crow Point Partners LLC purchased a new position in Marathon Petroleum Corporation in the 3rd quarter worth approximately $128,000. Jacobi Capital Management LLC increased its stake in Marathon Petroleum Corporation by 32.2% in the 1st quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 570 shares during the period. Finally, First Interstate Bank increased its stake in Marathon Petroleum Corporation by 81.1% in the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 1,064 shares during the period. Institutional investors own 81.28% of the company’s stock.
In related news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.05% of the company’s stock.
MPC has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $60.00 price target on shares of Marathon Petroleum Corporation in a research note on Tuesday, October 17th. BidaskClub raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Scotiabank reaffirmed a “hold” rating and issued a $55.00 price target on shares of Marathon Petroleum Corporation in a research note on Friday, September 1st. Citigroup Inc. lifted their price target on Marathon Petroleum Corporation from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $62.07.
Marathon Petroleum Corporation (MPC) opened at $63.11 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. Marathon Petroleum Corporation has a 12 month low of $41.43 and a 12 month high of $62.78. The stock has a market capitalization of $30,452.50, a P/E ratio of 18.95, a PEG ratio of 1.61 and a beta of 1.59.
Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.29. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. The company had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. sell-side analysts anticipate that Marathon Petroleum Corporation will post 3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.54%. Marathon Petroleum Corporation’s dividend payout ratio is presently 49.08%.
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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