Canada Post Corp Registered Pension Plan Increases Stock Position in Marathon Petroleum Corporation $MPC

Canada Post Corp Registered Pension Plan boosted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 256.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,166 shares of the oil and gas company’s stock after acquiring an additional 13,069 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Marathon Petroleum were worth $3,569,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Delos Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth $25,000. Activest Wealth Management lifted its position in shares of Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $33,000. Finally, Transce3nd LLC raised its stake in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and issued a $221.00 price target on shares of Marathon Petroleum in a report on Friday. Raymond James Financial raised their price objective on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Citigroup reduced their target price on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Finally, TD Cowen boosted their price target on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.88.

Marathon Petroleum Stock Up 3.8%

Shares of MPC stock opened at $203.25 on Friday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $204.37. The firm has a market capitalization of $61.10 billion, a PE ratio of 15.22, a P/E/G ratio of 1.45 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The stock’s 50-day simple moving average is $177.64 and its 200-day simple moving average is $181.14.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Marathon Petroleum Profile

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.