IFM Investors Pty Ltd Buys 19,300 Shares of Marathon Petroleum Corporation (NYSE:MPC)

IFM Investors Pty Ltd lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 38.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,114 shares of the oil and gas company's stock after purchasing an additional 19,300 shares during the quarter. IFM Investors Pty Ltd's holdings in Marathon Petroleum were worth $10,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greatmark Investment Partners Inc. increased its position in shares of Marathon Petroleum by 3.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after purchasing an additional 5,476 shares during the last quarter. TCTC Holdings LLC raised its holdings in shares of Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after buying an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at about $5,624,000. Good Steward Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the 1st quarter valued at about $346,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at about $1,192,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research reports. Scotiabank decreased their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Raymond James Financial reissued a "strong-buy" rating on shares of Marathon Petroleum in a report on Monday, June 30th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays lifted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company lifted their price target on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.13.

Marathon Petroleum Stock Down 1.4%

MPC stock traded down $2.46 during midday trading on Friday, hitting $172.01. The stock had a trading volume of 1,135,939 shares, compared to its average volume of 2,712,989. The firm has a market cap of $52.84 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. The business has a 50-day moving average of $159.64 and a two-hundred day moving average of $148.41. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. As a group, equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.12%. Marathon Petroleum's payout ratio is 51.20%.

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.