GF Fund Management CO. LTD. Buys 5,874 Shares of Marathon Petroleum Corporation $MPC

GF Fund Management CO. LTD. grew its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 8.7% in the 3rd quarter, Holdings Channel reports. The firm owned 73,448 shares of the oil and gas company’s stock after acquiring an additional 5,874 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Marathon Petroleum were worth $14,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Associated Banc Corp increased its position in shares of Marathon Petroleum by 2.1% during the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after buying an additional 52 shares during the period. CoreCap Advisors LLC boosted its position in Marathon Petroleum by 2.6% during the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after acquiring an additional 59 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in Marathon Petroleum by 1.6% during the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after acquiring an additional 63 shares during the period. Warwick Investment Management Inc. raised its position in shares of Marathon Petroleum by 4.6% in the 3rd quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 63 shares in the last quarter. Finally, Simmons Bank lifted its stake in shares of Marathon Petroleum by 1.3% in the 3rd quarter. Simmons Bank now owns 5,105 shares of the oil and gas company’s stock valued at $984,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday, January 22nd. Raymond James Financial raised their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Scotiabank reiterated an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research report on Friday, January 16th. Citigroup raised their price target on shares of Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $202.19.

Marathon Petroleum Stock Performance

NYSE MPC opened at $203.33 on Friday. The company has a market cap of $61.12 billion, a P/E ratio of 15.23, a PEG ratio of 1.38 and a beta of 0.74. The company has a fifty day simple moving average of $178.84 and a 200 day simple moving average of $182.18. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $210.32.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.34. The firm had revenue of $35.10 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. Sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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