Aberdeen Group plc Has $20.26 Million Stock Holdings in Marathon Petroleum Corporation $MPC

Aberdeen Group plc increased its position in Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 81.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,759 shares of the oil and gas company’s stock after buying an additional 62,880 shares during the period. Aberdeen Group plc’s holdings in Marathon Petroleum were worth $20,262,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Good Steward Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum in the first quarter worth approximately $346,000. Silver Oak Securities Incorporated bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $339,000. Financial Partners Group LLC lifted its holdings in shares of Marathon Petroleum by 65.8% in the first quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company’s stock valued at $574,000 after purchasing an additional 1,563 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Marathon Petroleum by 8.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company’s stock valued at $6,467,000 after purchasing an additional 3,291 shares in the last quarter. Finally, Weatherly Asset Management L. P. bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $216,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $162.41 on Monday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.10. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $169.42 and its 200 day simple moving average is $154.07. The company has a market cap of $49.38 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.95 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The business had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same quarter in the prior year, the business earned $4.12 earnings per share. Marathon Petroleum’s revenue for the quarter was down 11.1% on a year-over-year basis. Sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.2%. Marathon Petroleum’s dividend payout ratio is presently 54.01%.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wolfe Research lowered Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Scotiabank restated an “outperform” rating on shares of Marathon Petroleum in a report on Friday, July 11th. Mizuho boosted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Hold” and an average target price of $185.29.

Check Out Our Latest Stock Report on Marathon Petroleum

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

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