Marathon Petroleum Corp (MPC) is O Shaughnessy Asset Management LLC’s 2nd Largest Position

O Shaughnessy Asset Management LLC boosted its stake in Marathon Petroleum Corp (NYSE:MPC) by 23.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,025,660 shares of the oil and gas company’s stock after buying an additional 385,033 shares during the period. Marathon Petroleum comprises 3.3% of O Shaughnessy Asset Management LLC’s portfolio, making the stock its 2nd largest position. O Shaughnessy Asset Management LLC’s holdings in Marathon Petroleum were worth $161,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dupont Capital Management Corp increased its stake in Marathon Petroleum by 41.0% during the third quarter. Dupont Capital Management Corp now owns 202,029 shares of the oil and gas company’s stock valued at $16,156,000 after purchasing an additional 58,793 shares during the last quarter. Global Financial Private Capital LLC increased its stake in Marathon Petroleum by 7.8% during the third quarter. Global Financial Private Capital LLC now owns 19,366 shares of the oil and gas company’s stock valued at $1,549,000 after purchasing an additional 1,403 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Marathon Petroleum by 229.9% during the third quarter. Chicago Partners Investment Group LLC now owns 18,156 shares of the oil and gas company’s stock valued at $1,221,000 after purchasing an additional 12,653 shares during the last quarter. Shikiar Asset Management Inc. increased its stake in Marathon Petroleum by 1.4% during the third quarter. Shikiar Asset Management Inc. now owns 55,325 shares of the oil and gas company’s stock valued at $4,424,000 after purchasing an additional 750 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Marathon Petroleum by 9.4% during the third quarter. Janney Montgomery Scott LLC now owns 56,743 shares of the oil and gas company’s stock valued at $4,538,000 after purchasing an additional 4,854 shares during the last quarter. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on MPC shares. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, August 17th. Mizuho started coverage on shares of Marathon Petroleum in a research note on Wednesday, August 1st. They set a “buy” rating and a $95.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and set a $87.00 target price on shares of Marathon Petroleum in a research note on Friday, July 27th. Citigroup boosted their target price on shares of Marathon Petroleum from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Marathon Petroleum in a research note on Monday, August 27th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Marathon Petroleum currently has a consensus rating of “Buy” and an average price target of $92.38.

Marathon Petroleum stock opened at $66.59 on Friday. The stock has a market cap of $30.84 billion, a PE ratio of 17.52, a PEG ratio of 0.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.04. Marathon Petroleum Corp has a one year low of $60.10 and a one year high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.68 by $0.02. The business had revenue of $23.13 billion during the quarter, compared to analyst estimates of $23.20 billion. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Equities research analysts predict that Marathon Petroleum Corp will post 5.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, November 20th. This represents a $1.84 annualized dividend and a dividend yield of 2.76%. Marathon Petroleum’s dividend payout ratio is currently 48.42%.

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About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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

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