LSV Asset Management Sells 85,570 Shares of Marathon Petroleum Corporation $MPC

LSV Asset Management lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,339,570 shares of the oil and gas company’s stock after selling 85,570 shares during the quarter. LSV Asset Management’s holdings in Marathon Petroleum were worth $258,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Marathon Petroleum by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Norges Bank purchased a new stake in Marathon Petroleum in the second quarter worth about $527,197,000. Geode Capital Management LLC raised its stake in shares of Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after buying an additional 1,033,645 shares during the period. Boston Partners lifted its position in shares of Marathon Petroleum by 13.1% during the 2nd quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after buying an additional 715,223 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Marathon Petroleum by 27,979.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock valued at $109,565,000 after acquiring an additional 657,246 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday, January 22nd. Jefferies Financial Group lowered their price objective on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Citigroup increased their target price on Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Scotiabank reissued an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Trading Up 2.1%

Shares of Marathon Petroleum stock opened at $208.54 on Thursday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $209.40. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The business has a 50-day moving average price of $178.42 and a 200-day moving average price of $181.82. The firm has a market cap of $62.69 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.38 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating 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 company had revenue of $35.10 billion during the quarter, compared to analyst estimates of $30.89 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Marathon Petroleum’s dividend payout ratio (DPR) 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.