Marathon Petroleum Corporation (NYSE:MPC) Holdings Raised by APG Asset Management N.V.

Marathon Petroleum Corporation logoAPG Asset Management N.V. elevated its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 14.zero% within the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 2,961,791 shares of the oil and fuel firm’s inventory after buying an extra 362,600 shares in the course of the quarter. APG Asset Management N.V. owned roughly zero.59% of Marathon Petroleum Corporation price $166,097,000 on the finish of the latest reporting interval.

Numerous different hedge funds additionally lately added to or diminished their stakes in MPC. BlackRock Inc. raised its holdings in shares of Marathon Petroleum Corporation by 2,779.four% within the first quarter. BlackRock Inc. now owns 56,121,367 shares of the oil and fuel firm’s inventory valued at $2,836,372,000 after buying an extra 54,172,304 shares over the past quarter. Vanguard Group Inc. raised its holdings in shares of Marathon Petroleum Corporation by four.1% within the second quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and fuel firm’s inventory valued at $2,zero54,251,000 after buying an extra 1,544,114 shares over the past quarter. State Street Corp raised its holdings in shares of Marathon Petroleum Corporation by zero.four% within the first quarter. State Street Corp now owns 28,zero29,983 shares of the oil and fuel firm’s inventory valued at $1,416,636,000 after buying an extra 107,894 shares over the past quarter. Kensico Capital Management Corp raised its holdings in shares of Marathon Petroleum Corporation by 7.7% within the first quarter. Kensico Capital Management Corp now owns 9,260,000 shares of the oil and fuel firm’s inventory valued at $468,000,000 after buying an extra 660,000 shares over the past quarter. Finally, Iridian Asset Management LLC CT grew its place in Marathon Petroleum Corporation by eight.zero% in the course of the second quarter. Iridian Asset Management LLC CT now owns eight,327,167 shares of the oil and fuel firm’s inventory valued at $435,761,000 after shopping for an extra 619,548 shares in the course of the interval. Institutional traders and hedge funds personal 78.38% of the corporate’s inventory.

Shares of Marathon Petroleum Corporation (NYSE MPC) traded up $1.48 throughout buying and selling hours on Friday, reaching $62.37. The firm’s inventory had a buying and selling quantity of two,517,004 shares, in comparison with its common quantity of three,994,447. The agency has a market capitalization of $30,364.59, a PE ratio of 18.90 and a beta of 1.59.

Marathon Petroleum Corporation (NYSE:MPC) final issued its earnings outcomes on Thursday, October 26th. The oil and fuel firm reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $zero.29. Marathon Petroleum Corporation had a return on fairness of eight.52% and a internet margin of two.35%. The enterprise had income of $19.36 billion in the course of the quarter, in comparison with badyst estimates of $19.38 billion. During the identical quarter within the earlier 12 months, the agency earned $zero.58 EPS. Marathon Petroleum Corporation’s income was up 17.6% on a year-over-year foundation. badysis badysts count on that Marathon Petroleum Corporation will put up three.52 earnings per share for the present fiscal 12 months.

The agency additionally lately declared a quarterly dividend, which can be paid on Monday, December 11th. Stockholders of report on Thursday, November 16th can be given a dividend of $zero.40 per share. This represents a $1.60 annualized dividend and a dividend yield of two.57%. The ex-dividend date is Wednesday, November 15th. Marathon Petroleum Corporation’s payout ratio is at present 49.08%.

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In different information, VP C. Michael Palmer offered 11,450 shares of the corporate’s inventory in a transaction dated Thursday, September 14th. The shares had been offered at a mean value of $53.02, for a complete transaction of $607,079.00. The transaction was disclosed in a doc filed with the Securities & Exchange Commission, which is obtainable at this hyperlink. 1.05% of the inventory is owned by company insiders.

Several badysis companies lately weighed in on MPC. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a “sell” ranking to a “hold” ranking in a badysis report on Monday, August seventh. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” ranking to a “strong-buy” ranking in a badysis report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” ranking and issued a $54.83 value goal (down from $65.00) on shares of Marathon Petroleum Corporation in a badysis report on Thursday, July 20th. Cowen and Company raised their value goal on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the corporate an “outperform” ranking in a badysis report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Marathon Petroleum Corporation from a “buy” ranking to a “neutral” ranking and set a $63.00 value goal for the corporate. in a badysis report on Tuesday, October third. They famous that the transfer was a valuation name. Six funding badysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the inventory. The inventory at present has a mean ranking of “Buy” and a mean value goal of $62.07.

Marathon Petroleum Corporation Profile

Marathon Petroleum Corporation is engaged in refining, advertising and marketing, retail and transportation companies within the United States and the most important east of the Mississippi. The Company operates via three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing section refines crude oil and different feedstocks on the Company’s seven refineries within the Gulf Coast and Midwest areas of the United States.

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




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