Vaughan David Investments Inc. IL grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12,827.2% in the course of the third quarter, in accordance with the corporate in its most up-to-date disclosure with the SEC. The fund owned 607,579 shares of the oil and fuel firm’s inventory after shopping for an extra 602,879 shares in the course of the quarter. Vaughan David Investments Inc. IL owned zero.12% of Marathon Petroleum Corporation value $9,405,00zero on the finish of the newest reporting interval.
Several different institutional buyers and hedge funds have additionally added to or decreased their stakes within the firm. Vanguard Group Inc. grew its stake in shares of Marathon Petroleum Corporation by four.1% in the course of the second quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and fuel firm’s inventory valued at $2,054,251,00zero after shopping for an extra 1,544,114 shares over the past quarter. Iridian Asset Management LLC CT boosted its holdings in shares of Marathon Petroleum Corporation by eight.zero% within the second quarter. Iridian Asset Management LLC CT now owns eight,327,167 shares of the oil and fuel firm’s inventory valued at $435,761,00zero after buying an extra 619,548 shares in the course of the interval. Dimensional Fund Advisors LP boosted its holdings in shares of Marathon Petroleum Corporation by zero.three% within the second quarter. Dimensional Fund Advisors LP now owns 6,068,001 shares of the oil and fuel firm’s inventory valued at $317,521,00zero after buying an extra 17,439 shares in the course of the interval. Alliancebernstein L.P. boosted its holdings in shares of Marathon Petroleum Corporation by 93.three% within the second quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and fuel firm’s inventory valued at $278,998,00zero after buying an extra 2,572,727 shares in the course of the interval. Finally, AJO LP boosted its holdings in shares of Marathon Petroleum Corporation by 9.zero% within the second quarter. AJO LP now owns four,991,921 shares of the oil and fuel firm’s inventory valued at $261,227,00zero after buying an extra 410,816 shares in the course of the interval. 81.02% of the inventory is at the moment owned by hedge funds and different institutional buyers.
MPC has been the topic of quite a lot of analysis stories. Bank of America Corporation lowered Marathon Petroleum Corporation from a “buy” ranking to a “neutral” ranking in a report on Tuesday, September fifth. Citigroup Inc. boosted their value goal on Marathon Petroleum Corporation from $67.00 to $69.00 and gave the corporate a “buy” ranking in a report on Wednesday, October 18th. Wells Fargo & Company lowered Marathon Petroleum Corporation from an “outperform” ranking to a “market perform” ranking and lowered their value goal for the corporate from $65.00 to $56.00 in a report on Tuesday, September fifth. Zacks Investment Research lowered Marathon Petroleum Corporation from a “hold” ranking to a “sell” ranking in a report on Thursday, July 27th. Finally, Scotiabank reiterated a “hold” ranking and issued a $55.00 value goal on shares of Marathon Petroleum Corporation in a report on Friday, September 1st. Six equities analysis analysts have rated the inventory with a maintain ranking and twelve have issued a purchase ranking to the inventory. Marathon Petroleum Corporation at the moment has a median ranking of “Buy” and a consensus value goal of $65.07.
Shares of Marathon Petroleum Corporation (NYSE MPC) traded up $zero.26 on Friday, hitting $62.27. The inventory had a buying and selling quantity of two,980,762 shares, in comparison with its common quantity of four,402,448. Marathon Petroleum Corporation has a 12-month low of $42.57 and a 12-month excessive of $63.41. The firm has a debt-to-equity ratio of zero.64, a fast ratio of zero.80 and a present ratio of 1.52. The inventory has a market cap of $30,290.00, a price-to-earnings ratio of 19.11, a PEG ratio of 1.59 and a beta of 1.60.
Marathon Petroleum Corporation (NYSE:MPC) final issued its quarterly earnings knowledge on Thursday, October 26th. The oil and fuel firm reported $1.77 EPS for the quarter, beating the consensus estimate of $1.48 by $zero.29. Marathon Petroleum Corporation had a return on fairness of eight.52% and a web margin of two.35%. The agency had income of $19.36 billion in the course of the quarter, in comparison with analyst estimates of $19.38 billion. During the identical quarter within the prior 12 months, the enterprise posted $zero.58 EPS. The enterprise’s income for the quarter was up 17.6% in comparison with the identical quarter final 12 months. analysis analysts forecast that Marathon Petroleum Corporation will put up three.59 earnings per share for the present fiscal 12 months.
The agency additionally lately disclosed a quarterly dividend, which can be paid on Monday, December 11th. Stockholders of file on Thursday, November 16th can be issued a dividend of $zero.40 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of two.57%. Marathon Petroleum Corporation’s dividend payout ratio is presently 50.00%.
In different information, insider Anthony R. Kenney offered 77,578 shares of the inventory in a transaction on Monday, November sixth. The inventory was offered at a median value of $62.35, for a complete transaction of $four,836,988.30. The sale was disclosed in a doc filed with the Securities & Exchange Commission, which is on the market at this hyperlink. Also, VP C. Michael Palmer offered 11,450 shares of the inventory in a transaction on Thursday, September 14th. The shares have been offered at a median value of $53.02, for a complete worth of $607,079.00. The disclosure for this sale could be discovered right here. Corporate insiders personal 1.05% of the corporate’s inventory.
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Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in refining, advertising and marketing, retail and transportation companies within the United States and the biggest east of the Mississippi. The Company operates by way of 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.
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