KBC Group NV Has $33.40 Million Holdings in Marathon Petroleum Corp (MPC)
KBC Group NV raised its stake in shares of Marathon Petroleum Corp (NYSE:MPC) by 73.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 506,276 shares of the oil and gas company’s stock after buying an additional 214,472 shares during the quarter. KBC Group NV’s holdings in Marathon Petroleum were worth $33,404,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in shares of Marathon Petroleum by 808.8% during the second quarter. Janus Henderson Group PLC now owns 603,168 shares of the oil and gas company’s stock worth $31,565,000 after purchasing an additional 536,795 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Marathon Petroleum during the second quarter worth $3,817,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Marathon Petroleum during the second quarter worth $992,000. Caxton Associates LP acquired a new stake in shares of Marathon Petroleum during the second quarter worth $450,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Marathon Petroleum during the second quarter worth $8,320,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Marathon Petroleum Corp (NYSE:MPC) opened at $63.84 on Friday. Marathon Petroleum Corp has a fifty-two week low of $47.78 and a fifty-two week high of $73.53. The firm has a market capitalization of $30,515.94, a price-to-earnings ratio of 16.06, a P/E/G ratio of 0.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 2.88%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s dividend payout ratio (DPR) is presently 23.12%.
In related news, VP Rodney P. Nichols sold 6,374 shares of Marathon Petroleum stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total value of $413,863.82. Following the transaction, the vice president now owns 74,674 shares in the company, valued at $4,848,582.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now owns 32,205 shares in the company, valued at approximately $2,005,083.30. The disclosure for this sale can be found here. Insiders sold 72,276 shares of company stock worth $4,645,189 in the last quarter. 1.05% of the stock is owned by insiders.
Several research firms have recently issued reports on MPC. Scotiabank restated a “hold” rating and set a $75.00 price objective on shares of Marathon Petroleum in a report on Wednesday, January 10th. Cowen restated an “outperform” rating and set a $90.00 price objective (up previously from $76.00) on shares of Marathon Petroleum in a report on Thursday, February 1st. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Jefferies Group cut Marathon Petroleum from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Monday, February 5th. Finally, UBS Group cut Marathon Petroleum from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $63.00 to $65.00 in a report on Sunday, November 26th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $74.08.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).
Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.