GF Fund Management CO. LTD. Reduces Holdings in Marathon Petroleum Corporation (NYSE:MPC)

GF Fund Management CO. LTD. reduced its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,305 shares of the oil and gas company's stock after selling 3,338 shares during the quarter. GF Fund Management CO. LTD.'s holdings in Marathon Petroleum were worth $12,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Marathon Petroleum by 78.1% in the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC grew its position in shares of Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after purchasing an additional 4,151,722 shares during the period. Norges Bank acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $453,427,000. GAMMA Investing LLC grew its position in shares of Marathon Petroleum by 14,969.1% in the 1st quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock valued at $224,503,000 after purchasing an additional 1,530,737 shares during the period. Finally, Boston Partners grew its position in shares of Marathon Petroleum by 37.4% in the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 0.2%

Shares of MPC stock traded up $0.39 during mid-day trading on Monday, reaching $176.44. 1,692,260 shares of the stock traded hands, compared to its average volume of 2,708,907. The stock's fifty day simple moving average is $159.64 and its two-hundred day simple moving average is $148.53. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a market cap of $54.20 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 earnings per share. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.06%. Marathon Petroleum's dividend payout ratio is 51.20%.

Insider Activity

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director owned 18,944 shares of the company's stock, valued at approximately $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

MPC has been the subject of several research analyst reports. Scotiabank decreased their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Marathon Petroleum in a research report on Monday, June 30th. Mizuho upped their price target on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Barclays upped their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.13.

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.