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United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 7,500 Shares of Marathon Petroleum Corporation $MPC

Marathon Petroleum logo with Energy background
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Key Points

  • United Super Pty Ltd (Trustee for the Construction & Building Unions Superannuation Fund) increased its stake in Marathon Petroleum by 131.6% in Q3, buying 7,500 shares to hold 13,200 shares worth $2,544,000.
  • Marathon beat quarterly expectations with EPS $4.07 vs. $3.73 consensus and revenue of $32.57 billion, and announced a $1.00 quarterly dividend ($4.00 annual, ~1.8% yield; ex-dividend Feb 18, payable Mar 10).
  • Analysts carry a consensus rating of “Moderate Buy” with a $202.50 price target, while the stock trades near its 12‑month high and is ~76.8% institutionally owned.
  • Five stocks we like better than Marathon Petroleum.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 131.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,200 shares of the oil and gas company's stock after acquiring an additional 7,500 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Marathon Petroleum were worth $2,544,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Marathon Petroleum during the third quarter worth approximately $4,568,000. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Marathon Petroleum in the third quarter valued at approximately $210,000. HUB Investment Partners LLC lifted its stake in shares of Marathon Petroleum by 1.9% in the third quarter. HUB Investment Partners LLC now owns 9,028 shares of the oil and gas company's stock worth $1,740,000 after buying an additional 172 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Marathon Petroleum by 14.3% during the 3rd quarter. Modern Wealth Management LLC now owns 2,585 shares of the oil and gas company's stock worth $498,000 after buying an additional 323 shares during the period. Finally, Trustmark Bank Trust Department grew its stake in Marathon Petroleum by 9.4% in the 3rd quarter. Trustmark Bank Trust Department now owns 9,421 shares of the oil and gas company's stock valued at $1,816,000 after buying an additional 813 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 1.8%

NYSE MPC opened at $221.21 on Friday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $228.55. The stock has a market cap of $65.20 billion, a PE ratio of 16.57, a PEG ratio of 1.37 and a beta of 0.69. The firm has a 50-day simple moving average of $187.19 and a 200 day simple moving average of $186.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum's dividend payout ratio is presently 29.96%.

Key Stories Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

Analyst Ratings Changes

A number of research analysts have weighed in on MPC shares. Weiss Ratings raised shares of Marathon Petroleum from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, February 27th. Barclays lowered their price target on Marathon Petroleum from $202.00 to $194.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $213.00 to $217.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 4th. Citigroup increased their target price on Marathon Petroleum from $182.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Finally, BMO Capital Markets lifted their price target on Marathon Petroleum from $225.00 to $230.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 3rd. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus price target of $202.50.

View Our Latest Stock Analysis on MPC

Marathon Petroleum Company Profile

(Free Report)

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.

Read More

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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