Aberdeen Group plc Has $21.01 Million Stake in Marathon Petroleum Corporation $MPC

Aberdeen Group plc lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,934 shares of the oil and gas company’s stock after selling 38,908 shares during the quarter. Aberdeen Group plc’s holdings in Marathon Petroleum were worth $21,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPC. GF Fund Management CO. LTD. lifted its position in Marathon Petroleum by 8.7% during the 3rd quarter. GF Fund Management CO. LTD. now owns 73,448 shares of the oil and gas company’s stock worth $14,156,000 after buying an additional 5,874 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Marathon Petroleum by 5.6% in the third quarter. Cidel Asset Management Inc. now owns 8,556 shares of the oil and gas company’s stock worth $1,649,000 after acquiring an additional 457 shares during the last quarter. Balboa Wealth Partners bought a new position in shares of Marathon Petroleum in the third quarter worth about $412,000. MidWestOne Financial Group Inc. acquired a new position in shares of Marathon Petroleum during the third quarter worth approximately $231,000. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of Marathon Petroleum by 4.9% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 4,305 shares of the oil and gas company’s stock valued at $830,000 after purchasing an additional 200 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on MPC. JPMorgan Chase & Co. dropped their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Raymond James Financial lifted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. BMO Capital Markets raised their price target on Marathon Petroleum from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Stock Down 1.5%

NYSE:MPC opened at $200.13 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $210.32. The stock’s fifty day simple moving average is $179.30 and its 200-day simple moving average is $182.73. The firm has a market capitalization of $60.16 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.32 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The firm had revenue of $35.10 billion for the quarter, compared to analyst estimates of $30.89 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.