Canada Post Corp Registered Pension Plan Increases Stock Position in Marathon Petroleum Corporation $MPC
Canada Post Corp Registered Pension Plan increased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 256.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,166 shares of the oil and gas company’s stock after purchasing an additional 13,069 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Marathon Petroleum were worth $3,569,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPC. Concord Asset Management LLC VA purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $412,000. Los Angeles Capital Management LLC grew its position in Marathon Petroleum by 459.5% in the second quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after acquiring an additional 156,019 shares in the last quarter. FSM Wealth Advisors LLC bought a new stake in Marathon Petroleum during the second quarter worth approximately $685,000. Generali Asset Management SPA SGR raised its position in Marathon Petroleum by 36.8% during the third quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock valued at $7,946,000 after purchasing an additional 11,082 shares during the period. Finally, First Interstate Bank bought a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $5,050,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Marathon Petroleum Stock Performance
Shares of NYSE:MPC opened at $203.25 on Friday. The firm’s 50 day simple moving average is $177.64 and its 200-day simple moving average is $181.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $204.37. The firm has a market cap of $61.10 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.74.
Marathon Petroleum (NYSE:MPC — Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. The company had revenue of $35.10 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.Marathon Petroleum’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.
Marathon Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MPC. Jefferies Financial Group cut their target price on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. JPMorgan Chase & Co. dropped their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. BMO Capital Markets lowered their target price 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, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.88.
Check Out Our Latest Stock Report on MPC
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.
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