Carnick & Kubik Group LLC increased its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,944 shares of the oil and gas company’s stock after buying an additional 1,447 shares during the period. Carnick & Kubik Group LLC’s holdings in Marathon Petroleum were worth $2,180,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Selway Asset Management raised its holdings in Marathon Petroleum by 1.3% during the 4th quarter. Selway Asset Management now owns 46,140 shares of the oil and gas company’s stock worth $2,723,000 after purchasing an additional 600 shares during the last quarter. Price Wealth Management Inc. raised its holdings in Marathon Petroleum by 16.5% during the 4th quarter. Price Wealth Management Inc. now owns 1,747 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 247 shares during the last quarter. Gabelli Funds LLC raised its holdings in Marathon Petroleum by 24.7% during the 4th quarter. Gabelli Funds LLC now owns 588,182 shares of the oil and gas company’s stock worth $34,709,000 after purchasing an additional 116,682 shares during the last quarter. Foster & Motley Inc. raised its holdings in Marathon Petroleum by 46.4% during the 4th quarter. Foster & Motley Inc. now owns 25,260 shares of the oil and gas company’s stock worth $1,491,000 after purchasing an additional 8,010 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in Marathon Petroleum by 71.0% during the 4th quarter. Wetherby Asset Management Inc. now owns 20,330 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 8,442 shares during the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

In related news, Director Steven A. Davis acquired 2,500 shares of the 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 directly owns 16,462 shares of the company’s stock, valued at approximately $1,023,936.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Davis acquired 3,500 shares of the stock in a transaction dated Friday, December 14th. The stock was bought at an average price of $62.14 per share, with a total value of $217,490.00. The disclosure for this purchase can be found here. Insiders own 1.09% of the company’s stock.

NYSE:MPC opened at $66.26 on Friday. The firm has a market capitalization of $45.13 billion, a PE ratio of 17.44, a P/E/G ratio of 0.66 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09. Marathon Petroleum Corp has a twelve month low of $54.29 and a twelve month high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.02. The company 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%. Marathon Petroleum’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS. Analysts forecast that Marathon Petroleum Corp will post 5.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.12 annualized dividend and a dividend yield of 3.20%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. Marathon Petroleum’s payout ratio is currently 48.42%.

Several research analysts have issued reports on MPC shares. Cowen restated an “outperform” rating and set a $101.00 price target (up previously from $87.00) on shares of Marathon Petroleum in a report on Thursday, December 6th. They noted that the move was a valuation call. Morgan Stanley set a $110.00 price target on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Friday, October 12th. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Citigroup raised their price target on shares of Marathon Petroleum from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. Finally, ValuEngine lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $94.21.

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About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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

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