Marathon Petroleum Corporation (MPC) Position Lowered by Tiaa Fsb

Tiaa Fsb lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,814 shares of the oil and gas company’s stock after selling 952 shares during the quarter. Tiaa Fsb’s holdings in Marathon Petroleum Corporation were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. OMERS ADMINISTRATION Corp raised its holdings in shares of Marathon Petroleum Corporation by 341.7% during the second quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock valued at $2,773,000 after acquiring an additional 41,000 shares in the last quarter. Wilen Investment Management CORP. raised its holdings in shares of Marathon Petroleum Corporation by 31.3% during the second quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock valued at $1,984,000 after acquiring an additional 9,100 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Marathon Petroleum Corporation by 1.8% during the second quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock valued at $9,147,000 after acquiring an additional 3,097 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Marathon Petroleum Corporation by 143.6% during the second quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock valued at $1,402,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Heritage Way Advisors LLC raised its holdings in shares of Marathon Petroleum Corporation by 2.4% during the second quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock valued at $1,935,000 after acquiring an additional 850 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.com-unik.info/2017/10/30/marathon-petroleum-corporation-mpc-position-lowered-by-tiaa-fsb.html.

In other news, VP C. Michael Palmer sold 11,450 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.05% of the company’s stock.

A number of brokerages recently commented on MPC. Citigroup Inc. increased their price objective on Marathon Petroleum Corporation from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Cowen and Company reiterated a “buy” rating and issued a $60.00 price objective on shares of Marathon Petroleum Corporation in a report on Tuesday, October 17th. Zacks Investment Research downgraded Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays PLC reiterated an “overweight” rating and issued a $63.00 price objective (up previously from $62.00) on shares of Marathon Petroleum Corporation in a report on Tuesday, October 10th. Finally, Edward Jones upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has a consensus rating of “Buy” and a consensus price target of $61.53.

Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at 58.47 on Monday. The stock has a 50 day moving average price of $55.55 and a 200-day moving average price of $53.32. The stock has a market capitalization of $29.60 billion, a PE ratio of 34.87 and a beta of 1.56. Marathon Petroleum Corporation has a 1-year low of $40.01 and a 1-year high of $58.93.

Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum Corporation had a return on equity of 8.51% and a net margin of 2.35%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. On average, analysts forecast that Marathon Petroleum Corporation will post $3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum Corporation’s payout ratio is 49.08%.

Marathon Petroleum Corporation 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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC).

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