47,182 Marathon Petroleum Corporation $MPC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 12.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 318,373 shares of the oil and gas company’s stock after selling 47,182 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of Marathon Petroleum worth $125,891,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Focus Financial Network Inc. raised its position in Marathon Petroleum by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 1,066 shares of the oil and gas company’s stock worth $422,000 after purchasing an additional 21 shares during the period. CRA Financial Services LLC lifted its stake in Marathon Petroleum by 1.2% in the third quarter. CRA Financial Services LLC now owns 1,844 shares of the oil and gas company’s stock worth $729,000 after purchasing an additional 21 shares during the last quarter. Avior Wealth Management LLC boosted its position in Marathon Petroleum by 1.0% during the third quarter. Avior Wealth Management LLC now owns 2,130 shares of the oil and gas company’s stock valued at $842,000 after buying an additional 22 shares during the period. LexAurum Advisors LLC boosted its position in Marathon Petroleum by 2.6% during the third quarter. LexAurum Advisors LLC now owns 930 shares of the oil and gas company’s stock valued at $368,000 after buying an additional 24 shares during the period. Finally, Forum Financial Management LP boosted its position in Marathon Petroleum by 2.9% during the third quarter. Forum Financial Management LP now owns 923 shares of the oil and gas company’s stock valued at $365,000 after buying an additional 26 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Erin M. Brzezinski sold 570 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president directly owned 1,576 shares in the company, valued at approximately $571,757.04. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shawn Lyon sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,691 shares of company stock valued at $7,780,127. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Down 1.3%

NYSE:MPC opened at $469.02 on Thursday. The company has a fifty day moving average of $405.97 and a 200 day moving average of $314.27. Marathon Petroleum Corporation has a 52 week low of $161.93 and a 52 week high of $493.98. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $136.92 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.14 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm’s revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.96 EPS. On average, research analysts predict that Marathon Petroleum Corporation will post 64.00 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio is 13.75%.

More Marathon Petroleum News

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Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. The Goldman Sachs Group raised their price objective on Marathon Petroleum from $376.00 to $472.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Raymond James Financial boosted their target price on Marathon Petroleum from $350.00 to $445.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. TD Cowen increased their target price on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Barclays increased their target price on Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $417.88.

View Our Latest Research Report on Marathon Petroleum

Marathon Petroleum Company Profile

(Free Report)

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

Featured Stories

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

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