Polianta Ltd bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,600 shares of the company’s stock, valued at approximately $1,238,000. Marathon Petroleum Corporation accounts for 0.7% of Polianta Ltd’s portfolio, making the stock its 25th largest position.
Other hedge funds have also recently modified their holdings of the company. Sullivan Bruyette Speros & Blaney LLC purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter worth approximately $211,000. Iridian Asset Management LLC CT purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter worth approximately $125,415,000. Artemis Investment Management LLP purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter worth approximately $4,538,000. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter worth approximately $222,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Marathon Petroleum Corporation during the fourth quarter worth approximately $33,001,000. 78.16% of the stock is owned by institutional investors and hedge funds.
Marathon Petroleum Corporation (NYSE:MPC) traded down 0.06% during trading on Monday, reaching $50.11. The company had a trading volume of 1,636,442 shares. The firm’s 50 day moving average price is $49.45 and its 200 day moving average price is $44.89. The firm has a market capitalization of $26.46 billion, a PE ratio of 22.67 and a beta of 1.74. Marathon Petroleum Corporation has a 12-month low of $30.59 and a 12-month high of $54.59.
Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The company had revenue of $17.28 billion for the quarter, compared to the consensus estimate of $14.54 billion. Marathon Petroleum Corporation had a net margin of 1.85% and a return on equity of 5.74%. Marathon Petroleum Corporation’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. Equities research analysts forecast that Marathon Petroleum Corporation will post $3.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Thursday, February 16th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.87%. Marathon Petroleum Corporation’s dividend payout ratio is currently 65.16%.
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A number of brokerages have commented on MPC. Scotiabank reissued a “hold” rating and set a $55.00 price objective on shares of Marathon Petroleum Corporation in a report on Monday, February 6th. Raymond James Financial, Inc. raised Marathon Petroleum Corporation from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $47.00 to $54.00 in a report on Monday, October 31st. Jefferies Group LLC decreased their price objective on Marathon Petroleum Corporation from $62.00 to $61.00 and set a “buy” rating for the company in a report on Monday, January 23rd. Credit Suisse Group boosted their price objective on Marathon Petroleum Corporation from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, January 4th. Finally, Howard Weil boosted their price objective on Marathon Petroleum Corporation from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, October 28th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation has an average rating of “Buy” and an average target price of $55.63.
Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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