Andra AP fonden reduced its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,500 shares of the oil and gas company’s stock after selling 18,000 shares during the quarter. Andra AP fonden’s holdings in Marathon Petroleum were worth $2,400,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MPC. Venturi Wealth Management LLC acquired a new stake in Marathon Petroleum during the 3rd quarter valued at $25,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Marathon Petroleum by 345.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 508 shares of the oil and gas company’s stock worth $28,000 after buying an additional 394 shares during the last quarter. Old North State Trust LLC lifted its stake in shares of Marathon Petroleum by 209.1% during the 3rd quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after buying an additional 322 shares during the last quarter. Endurance Wealth Management Inc. boosted its holdings in shares of Marathon Petroleum by 365.4% during the 3rd quarter. Endurance Wealth Management Inc. now owns 484 shares of the oil and gas company’s stock worth $29,000 after buying an additional 380 shares during the period. Finally, Mechanics Bank Trust Department bought a new stake in shares of Marathon Petroleum during the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.

Several equities research analysts have issued reports on MPC shares. JPMorgan Chase & Co. cut their price objective on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Citigroup upped their target price on Marathon Petroleum from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Cfra lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley lifted their price target on Marathon Petroleum from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum has a consensus rating of “Buy” and an average price target of $73.38.

Shares of MPC opened at $60.03 on Wednesday. Marathon Petroleum Corp has a 12 month low of $43.96 and a 12 month high of $69.65. The firm’s 50 day moving average is $64.46 and its 200-day moving average is $55.61. The stock has a market capitalization of $38.98 billion, a PE ratio of 8.85, a P/E/G ratio of 1.40 and a beta of 1.68. The company has a current ratio of 1.25, a quick ratio of 0.62 and a debt-to-equity ratio of 0.71.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.33. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The business had revenue of $31.20 billion during the quarter, compared to analysts’ expectations of $32.89 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corp will post 4.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Tuesday, November 19th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 31.27%.

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

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