NN Investment Partners Holdings N.V. Continues to Hold Stake in Marathon Petroleum Corporation (MPC)

NN Investment Partners Holdings N.V. continued to hold its stake in Marathon Petroleum Corporation (NYSE:MPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,672 shares of the oil and gas company’s stock at the end of the second quarter. NN Investment Partners Holdings N.V.’s holdings in Marathon Petroleum Corporation were worth $192,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MPC. BlackRock Inc. increased its stake in shares of Marathon Petroleum Corporation by 2,779.4% in the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock valued at $2,836,372,000 after buying an additional 54,172,304 shares during the period. Iridian Asset Management LLC CT increased its position in Marathon Petroleum Corporation by 209.4% in the first quarter. Iridian Asset Management LLC CT now owns 7,707,619 shares of the oil and gas company’s stock worth $389,543,000 after buying an additional 5,216,764 shares during the last quarter. American Century Companies Inc. increased its position in Marathon Petroleum Corporation by 8,254.8% in the first quarter. American Century Companies Inc. now owns 2,042,740 shares of the oil and gas company’s stock worth $103,240,000 after buying an additional 2,018,290 shares during the last quarter. FMR LLC increased its position in Marathon Petroleum Corporation by 109.5% in the first quarter. FMR LLC now owns 3,685,652 shares of the oil and gas company’s stock worth $186,273,000 after buying an additional 1,926,573 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Marathon Petroleum Corporation by 201.9% in the first quarter. Alliancebernstein L.P. now owns 2,758,794 shares of the oil and gas company’s stock worth $139,429,000 after buying an additional 1,844,941 shares during the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.

Marathon Petroleum Corporation (NYSE:MPC) traded up 0.82% during trading on Friday, reaching $50.11. The company’s stock had a trading volume of 3,661,324 shares. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81. The firm has a 50-day moving average price of $54.03 and a 200-day moving average price of $51.70. The firm has a market capitalization of $25.37 billion, a P/E ratio of 29.88 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.04 by $0.01. The firm had revenue of $18.35 billion for the quarter, compared to analyst estimates of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, equities analysts anticipate that Marathon Petroleum Corporation will post $2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, August 14th. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. Marathon Petroleum Corporation’s payout ratio is currently 90.91%.

WARNING: This report was first published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/08/19/marathon-petroleum-corporation-mpc-stake-maintained-by-nn-investment-partners-holdings-n-v-updated-updated.html.

A number of research firms have recently commented on MPC. Zacks Investment Research upgraded Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $54.83 target price (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. Scotiabank set a $55.00 target price on Marathon Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $62.00 target price on shares of Marathon Petroleum Corporation in a research report on Thursday, May 25th. Finally, BidaskClub cut Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $58.62.

In related news, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total transaction of $1,358,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP C. Michael Palmer sold 4,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $53.25, for a total transaction of $213,000.00. Following the sale, the vice president now directly owns 61,757 shares of the company’s stock, valued at approximately $3,288,560.25. The disclosure for this sale can be found here. 1.05% of the stock is owned by insiders.

Marathon Petroleum Corporation Company 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.

Institutional Ownership by Quarter for Marathon Petroleum Corporation (NYSE:MPC)

What are top analysts saying about Marathon Petroleum Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marathon Petroleum Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit