Marathon Petroleum Corp (MPC) Stake Lifted by Chesley Taft & Associates LLC
Chesley Taft & Associates LLC increased its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,253 shares of the oil and gas company’s stock after buying an additional 4,062 shares during the period. Chesley Taft & Associates LLC’s holdings in Marathon Petroleum were worth $10,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Marathon Petroleum by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock valued at $2,054,251,000 after buying an additional 1,544,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Marathon Petroleum by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,103,034 shares of the oil and gas company’s stock valued at $342,221,000 after buying an additional 35,033 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Marathon Petroleum by 61.6% during the 3rd quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock valued at $223,630,000 after buying an additional 1,520,471 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Marathon Petroleum by 14.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,726,855 shares of the oil and gas company’s stock valued at $195,038,000 after buying an additional 482,824 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Marathon Petroleum by 14.0% during the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock valued at $166,097,000 after buying an additional 362,600 shares in the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.
In other news, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction on Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 approximately $4,848,582.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,854 shares of company stock worth $9,482,177. Insiders own 1.05% of the company’s stock.
Shares of Marathon Petroleum Corp (MPC) traded up $0.35 during mid-day trading on Wednesday, reaching $69.35. The company’s stock had a trading volume of 956,622 shares, compared to its average volume of 3,460,250. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The stock has a market cap of $33,820.00, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.25 and a beta of 1.62. Marathon Petroleum Corp has a 12 month low of $46.88 and a 12 month high of $69.68.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. equities research analysts predict that Marathon Petroleum Corp will post 3.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.31%. Marathon Petroleum’s dividend payout ratio is presently 50.00%.
A number of research analysts have recently issued reports on the company. Scotiabank reiterated a “hold” rating and set a $75.00 target price on shares of Marathon Petroleum in a research report on Wednesday. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Credit Suisse Group began coverage on Marathon Petroleum in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price objective on the stock. Goldman Sachs Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, UBS Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and raised their price objective for the company from $63.00 to $65.00 in a report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.50.
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About Marathon Petroleum
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.
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