Marathon Petroleum Corporation $MPC Stock Holdings Lifted by Boston Partners
Boston Partners grew its position in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,163,737 shares of the oil and gas company’s stock after buying an additional 715,223 shares during the quarter. Marathon Petroleum accounts for 1.1% of Boston Partners’ investment portfolio, making the stock its 10th largest holding. Boston Partners owned 2.03% of Marathon Petroleum worth $1,024,395,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in Marathon Petroleum by 1.9% during the second quarter. Advisors Asset Management Inc. now owns 11,338 shares of the oil and gas company’s stock worth $1,883,000 after buying an additional 213 shares in the last quarter. Laurel Wealth Advisors LLC increased its holdings in Marathon Petroleum by 16,741.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 84,883 shares of the oil and gas company’s stock valued at $14,100,000 after acquiring an additional 84,379 shares in the last quarter. RiverFront Investment Group LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $1,653,000. Steward Partners Investment Advisory LLC increased its position in Marathon Petroleum by 3.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 185,763 shares of the oil and gas company’s stock worth $30,857,000 after purchasing an additional 6,588 shares in the last quarter. Finally, Quadcap Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the second quarter valued at approximately $571,000. Institutional investors and hedge funds own 76.77% of the company’s stock.
Marathon Petroleum Stock Performance
Shares of NYSE MPC opened at $189.80 on Wednesday. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $202.29. The company has a market cap of $57.05 billion, a PE ratio of 20.23, a P/E/G ratio of 1.00 and a beta of 0.90. The stock has a 50 day simple moving average of $191.22 and a 200-day simple moving average of $176.90. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.
Marathon Petroleum (NYSE:MPC — Get Free Report) last announced its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.01. The firm had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current year.
Marathon Petroleum Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio is 42.64%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Bank of America raised their target price on Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Mizuho raised their price target on shares of Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley upped their target price on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Hold” and a consensus target price of $202.14.
View Our Latest Stock Analysis on MPC
Marathon Petroleum Profile
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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