Mirae Asset Global Investments Co. Ltd. lessened its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,011 shares of the oil and gas company's stock after selling 2,924 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Marathon Petroleum were worth $5,333,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum in the 4th quarter worth about $27,000. OFI Invest Asset Management purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth about $44,000. Capital A Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $52,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 76.77% of the company's stock.
Marathon Petroleum Stock Performance
MPC stock traded up $4.47 on Wednesday, reaching $174.42. 1,555,504 shares of the company were exchanged, compared to its average volume of 2,708,608. The firm has a market capitalization of $53.58 billion, a PE ratio of 24.53, a PEG ratio of 3.26 and a beta of 0.88. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The stock's fifty day moving average price is $157.46 and its 200 day moving average price is $147.67. 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 posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The business's revenue was down 4.1% compared to the same quarter last year. 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. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.09%. Marathon Petroleum's dividend payout ratio is currently 51.20%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Raymond James Financial raised their price target on shares of Marathon Petroleum from $183.00 to $188.00 and gave the company a "strong-buy" rating in a report on Monday. Evercore ISI assumed coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price objective for the company. Mizuho raised their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price target on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.13.
Check Out Our Latest Report on Marathon Petroleum
Marathon Petroleum Profile
(
Free Report)
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.
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