Tradewinds LLC. Purchases Shares of 4,603 Marathon Petroleum Corporation $MPC

Tradewinds LLC. acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,603 shares of the oil and gas company’s stock, valued at approximately $887,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Vanguard Group Inc. boosted its position in Marathon Petroleum by 11.2% in the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after buying an additional 3,924,713 shares during the last quarter. Geode Capital Management LLC lifted its position in Marathon Petroleum by 14.8% during the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after purchasing an additional 1,033,645 shares during the period. Boston Partners boosted its holdings in Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after purchasing an additional 715,223 shares during the last quarter. Bank of New York Mellon Corp grew its position in Marathon Petroleum by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,619,398 shares of the oil and gas company’s stock worth $933,438,000 after purchasing an additional 637,050 shares during the period. Finally, Norges Bank purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $527,197,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $175.51 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The stock has a market capitalization of $52.76 billion, a PE ratio of 18.71, a P/E/G ratio of 0.72 and a beta of 0.74. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. The company has a fifty day moving average of $181.82 and a two-hundred day moving average of $180.72.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The business had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. As a group, research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Marathon Petroleum’s payout ratio is currently 42.64%.

Analyst Ratings Changes

MPC has been the topic of several analyst reports. UBS Group raised their target price on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Morgan Stanley lifted their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. BMO Capital Markets cut their price objective on shares of Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.71.

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.