Marathon Petroleum Corporation $MPC Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC trimmed its Marathon Petroleum (MPC) stake by 8% in Q3, selling 22,737 shares and now holds 262,852 shares valued at about $50.66 million (≈0.09% of the company).
• Marathon beat quarterly estimates, reporting EPS of $4.07 vs. $3.73 expected and revenue of $32.57 billion vs. $30.89 billion, with revenue roughly flat year‑over‑year (-0.1%).
• The company announced a quarterly dividend of $1.00 (annualized $4.00, yield 1.9%, ex‑dividend Feb 18) and trades at a $63.41 billion market cap with a PE of 16.12; analysts' consensus is a "Moderate Buy" with an average target of $202.50.

Natixis Advisors LLC trimmed its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,852 shares of the oil and gas company's stock after selling 22,737 shares during the quarter. Natixis Advisors LLC owned 0.09% of Marathon Petroleum worth $50,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Associated Banc Corp grew its holdings in shares of Marathon Petroleum by 2.1% during the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company's stock worth $477,000 after purchasing an additional 52 shares during the period. CoreCap Advisors LLC raised its holdings in Marathon Petroleum by 2.6% in the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company's stock valued at $456,000 after buying an additional 59 shares during the period. CI Investments Inc. lifted its position in Marathon Petroleum by 1.8% during the third quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company's stock valued at $643,000 after buying an additional 60 shares in the last quarter. FSM Wealth Advisors LLC grew its stake in Marathon Petroleum by 1.6% during the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company's stock worth $760,000 after buying an additional 63 shares during the period. Finally, Warwick Investment Management Inc. grew its stake in Marathon Petroleum by 4.6% during the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company's stock worth $277,000 after buying an additional 63 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $215.15 on Tuesday. The firm has a fifty day simple moving average of $188.22 and a 200-day simple moving average of $186.88. The company has a market capitalization of $63.41 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $228.55. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum's payout ratio is presently 29.96%.

Analyst Ratings Changes

MPC has been the topic of a number of research reports. Weiss Ratings raised shares of Marathon Petroleum from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. Scotiabank reiterated an "outperform" rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Wall Street Zen raised Marathon Petroleum from a "hold" rating to a "buy" rating in a research report on Saturday. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $204.00 to $211.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $211.00 to $179.00 and set a "neutral" rating for the company in a research report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.50.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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