Marathon Petroleum Corporation (MPC) Position Reduced by AMP Capital Investors Ltd

AMP Capital Investors Ltd reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 11.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,236 shares of the oil and gas company’s stock after selling 35,552 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.06% of Marathon Petroleum worth $15,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in Marathon Petroleum by 3.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 14,900 shares of the oil and gas company’s stock worth $780,000 after purchasing an additional 550 shares in the last quarter. Global X Management Co. LLC raised its holdings in Marathon Petroleum by 47.5% in the 2nd quarter. Global X Management Co. LLC now owns 6,782 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 2,183 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Marathon Petroleum by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,247,478 shares of the oil and gas company’s stock worth $117,611,000 after purchasing an additional 16,586 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Marathon Petroleum by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 109,208 shares of the oil and gas company’s stock worth $5,780,000 after purchasing an additional 20,778 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Marathon Petroleum by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 279,064 shares of the oil and gas company’s stock worth $14,603,000 after purchasing an additional 4,745 shares in the last quarter. Institutional investors own 80.83% of the company’s stock.

In other news, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Raymond L. Brooks sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the sale, 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 sold a total of 102,028 shares of company stock worth $6,253,447 over the last ninety days. Insiders own 1.05% of the company’s stock.

Several research analysts have commented on the stock. Jefferies Group set a $65.00 price objective on shares of Marathon Petroleum and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub lowered shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Goldman Sachs Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, UBS lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $63.00 to $65.00 in a report on Wednesday, November 15th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.25.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at $64.75 on Friday. The firm has a market cap of $31,624.68, a PE ratio of 19.68, a PEG ratio of 1.55 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. Marathon Petroleum Corporation has a 1 year low of $46.88 and a 1 year high of $65.41.

Marathon Petroleum (NYSE:MPC) last released its 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 firm 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%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. research analysts anticipate that Marathon Petroleum Corporation will post 3.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum’s dividend payout ratio is presently 49.08%.

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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.

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

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