Marathon Petroleum Corp (MPC) Holdings Raised by FIL Ltd

FIL Ltd raised its position in Marathon Petroleum Corp (NYSE:MPC) by 274.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,851,049 shares of the oil and gas company’s stock after purchasing an additional 2,089,558 shares during the period. FIL Ltd owned 0.63% of Marathon Petroleum worth $227,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. American International Group Inc. boosted its holdings in shares of Marathon Petroleum by 13.7% in the 3rd quarter. American International Group Inc. now owns 168,319 shares of the oil and gas company’s stock valued at $13,460,000 after buying an additional 20,329 shares in the last quarter. Roosevelt Investment Group Inc. boosted its stake in Marathon Petroleum by 0.4% during the 3rd quarter. Roosevelt Investment Group Inc. now owns 222,813 shares of the oil and gas company’s stock worth $17,818,000 after purchasing an additional 937 shares during the period. Polaris Capital Management LLC boosted its stake in Marathon Petroleum by 6.3% during the 3rd quarter. Polaris Capital Management LLC now owns 681,506 shares of the oil and gas company’s stock worth $54,500,000 after purchasing an additional 40,324 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Marathon Petroleum by 7.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 25,936 shares of the oil and gas company’s stock worth $2,074,000 after purchasing an additional 1,740 shares during the period. Finally, BlackRock Inc. boosted its stake in Marathon Petroleum by 9.8% during the 3rd quarter. BlackRock Inc. now owns 39,961,377 shares of the oil and gas company’s stock worth $3,195,712,000 after purchasing an additional 3,550,450 shares during the period. 83.16% of the stock is currently owned by institutional investors.

In other news, Director Steven A. Davis bought 2,500 shares of Marathon Petroleum stock in a transaction dated Monday, November 19th. The stock was bought at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.09% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Morgan Stanley decreased their price target on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday. ValuEngine cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, August 17th. Finally, Mizuho assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, August 1st. They set a “buy” rating and a $95.00 price target for the company. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $91.44.

MPC stock opened at $63.73 on Friday. Marathon Petroleum Corp has a one year low of $60.64 and a one year high of $88.45. The firm has a market capitalization of $44.03 billion, a PE ratio of 16.77, a PEG ratio of 0.88 and a beta of 1.50. The company has a quick ratio of 1.09, a current ratio of 1.65 and a debt-to-equity ratio of 0.97.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, November 1st. The oil and gas company reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.02. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The company had revenue of $23.13 billion during the quarter, compared to analysts’ expectations of $23.20 billion. During the same quarter last year, the business earned $1.77 EPS. The business’s revenue was up 19.3% on a year-over-year basis. As a group, research analysts expect that Marathon Petroleum Corp will post 5.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 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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