Candriam Luxembourg S.C.A. raised its position in Marathon Petroleum Corp (NYSE:MPC) by 85.9% in the 4th quarter, HoldingsChannel reports. The fund owned 126,182 shares of the oil and gas company’s stock after purchasing an additional 58,308 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Marathon Petroleum were worth $8,325,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Capital Innovations LLC raised its holdings in Marathon Petroleum by 8.7% in the 4th quarter. Capital Innovations LLC now owns 11,630 shares of the oil and gas company’s stock valued at $767,000 after acquiring an additional 930 shares in the last quarter. Buckley Wealth Management LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at approximately $934,000. KBC Group NV raised its holdings in Marathon Petroleum by 73.5% in the 4th quarter. KBC Group NV now owns 506,276 shares of the oil and gas company’s stock valued at $33,404,000 after acquiring an additional 214,472 shares in the last quarter. Sabal Trust CO acquired a new position in Marathon Petroleum in the 4th quarter valued at approximately $297,000. Finally, Chilton Investment Co. LLC raised its holdings in Marathon Petroleum by 37.0% in the 4th quarter. Chilton Investment Co. LLC now owns 29,999 shares of the oil and gas company’s stock valued at $1,979,000 after acquiring an additional 8,100 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on MPC shares. Citigroup increased their target price on Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Friday, November 10th. Cowen reissued a “buy” rating on shares of Marathon Petroleum in a report on Tuesday, November 14th. Barclays increased their target price on Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, UBS Group cut Marathon Petroleum from a “buy” rating to a “neutral” rating and increased their target price for the stock from $63.00 to $65.00 in a report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $74.08.
Shares of Marathon Petroleum Corp (MPC) opened at $68.16 on Thursday. The company has a market capitalization of $32,114.88, a P/E ratio of 9.85, a P/E/G ratio of 0.91 and a beta of 1.49. Marathon Petroleum Corp has a 12-month low of $47.78 and a 12-month high of $73.53. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $21.24 billion for the quarter, compared to analyst estimates of $17.27 billion. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. Marathon Petroleum’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. analysts anticipate that Marathon Petroleum Corp will post 5.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, February 20th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 2.70%. Marathon Petroleum’s dividend payout ratio is 23.12%.
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.
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