Point72 Asset Management L.P. grew its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 114.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the oil and gas company’s stock after purchasing an additional 400,000 shares during the period. Point72 Asset Management L.P.’s holdings in Marathon Petroleum were worth $2,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MPC. ClariVest Asset Management LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $143,000. Marshall Wace North America L.P. lifted its holdings in shares of Marathon Petroleum by 3,726.6% in the second quarter. Marshall Wace North America L.P. now owns 320,933 shares of the oil and gas company’s stock valued at $16,689,000 after purchasing an additional 312,546 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $1,186,000. Federated Investors Inc. PA lifted its holdings in shares of Marathon Petroleum by 124.0% in the second quarter. Federated Investors Inc. PA now owns 40,064 shares of the oil and gas company’s stock valued at $2,097,000 after purchasing an additional 22,182 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of Marathon Petroleum by 1.6% in the second quarter. Virginia Retirement Systems ET AL now owns 156,625 shares of the oil and gas company’s stock valued at $8,196,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.

Marathon Petroleum Corporation (MPC) opened at $65.66 on Thursday. Marathon Petroleum Corporation has a one year low of $46.88 and a one year high of $66.38. 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 firm has a market cap of $31,624.69, a price-to-earnings ratio of 19.68, a PEG ratio of 1.58 and a beta of 1.61.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. Marathon Petroleum’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. research analysts predict that Marathon Petroleum Corporation will post 3.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date was Wednesday, November 15th. Marathon Petroleum’s payout ratio is 49.08%.

A number of research firms have recently issued reports on MPC. Jefferies Group set a $65.00 target price on Marathon Petroleum and gave the company a “buy” rating in a report on Friday, August 25th. Goldman Sachs Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. UBS lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and increased their target price for the company from $63.00 to $65.00 in a report on Wednesday, November 15th. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, October 16th. Finally, BidaskClub raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Marathon Petroleum has an average rating of “Buy” and an average target price of $66.25.

In other Marathon Petroleum news, VP Rodney P. Nichols sold 6,374 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.93, for a total transaction of $413,863.82. Following the transaction, the vice president now directly owns 74,674 shares of the company’s stock, valued at $4,848,582.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Raymond L. Brooks sold 13,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Following the transaction, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders have sold 149,854 shares of company stock worth $9,482,177 over the last three months. Company insiders own 1.05% of the company’s stock.

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Marathon Petroleum 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.

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

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