Marathon Petroleum Corporation (MPC) Shares Sold by BT Investment Management Ltd

BT Investment Management Ltd lowered its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 168,793 shares of the oil and gas company’s stock after selling 14,010 shares during the period. BT Investment Management Ltd’s holdings in Marathon Petroleum Corporation were worth $9,458,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MPC. BlackRock Inc. boosted its position in shares of Marathon Petroleum Corporation by 2,779.4% during the 1st quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and gas company’s stock worth $2,836,372,000 after purchasing an additional 54,172,304 shares during the period. Principal Financial Group Inc. lifted its holdings in Marathon Petroleum Corporation by 312.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,947,936 shares of the oil and gas company’s stock worth $206,595,000 after buying an additional 2,990,640 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Marathon Petroleum Corporation by 93.3% during the 2nd quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and gas company’s stock worth $278,998,000 after buying an additional 2,572,727 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Marathon Petroleum Corporation by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock worth $2,054,251,000 after buying an additional 1,544,114 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Marathon Petroleum Corporation by 87.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,317,146 shares of the oil and gas company’s stock worth $121,256,000 after buying an additional 1,083,232 shares in the last quarter. 81.28% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on MPC shares. Scotiabank reiterated a “hold” rating and set a $55.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Jefferies Group LLC reiterated a “buy” rating and set a $64.00 target price (down from $65.00) on shares of Marathon Petroleum Corporation in a report on Wednesday, September 6th. Credit Suisse Group reiterated a “buy” rating and set a $64.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, October 16th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Marathon Petroleum Corporation has a consensus rating of “Buy” and an average price target of $62.07.

In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.05% of the stock is owned by company insiders.

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Shares of Marathon Petroleum Corporation (NYSE:MPC) traded up $0.03 during trading hours on Monday, reaching $62.20. 3,648,674 shares of the company traded hands, compared to its average volume of 3,981,613. Marathon Petroleum Corporation has a 12-month low of $40.93 and a 12-month high of $62.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The firm has a market cap of $30,379.24, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.61 and a beta of 1.59.

Marathon Petroleum Corporation (NYSE:MPC) last announced 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. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same period last year, the business earned $0.58 EPS. Marathon Petroleum Corporation’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts anticipate that Marathon Petroleum Corporation will post 3.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 annualized dividend and a yield of 2.57%. Marathon Petroleum Corporation’s dividend payout ratio is currently 49.08%.

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.

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

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