WINTON GROUP Ltd lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 54.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,728 shares of the oil and gas company’s stock after selling 16,523 shares during the quarter. WINTON GROUP Ltd’s holdings in Marathon Petroleum were worth $770,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Marathon Petroleum by 312.4% in the 2nd quarter. Principal Financial Group Inc. now owns 3,947,936 shares of the oil and gas company’s stock worth $206,595,000 after acquiring an additional 2,990,640 shares during the last quarter. Third Point LLC acquired a new stake in shares of Marathon Petroleum in the 3rd quarter worth about $154,220,000. Alliancebernstein L.P. raised its holdings in shares of Marathon Petroleum by 93.3% in the 2nd quarter. Alliancebernstein L.P. now owns 5,331,521 shares of the oil and gas company’s stock worth $278,998,000 after acquiring an additional 2,572,727 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Marathon Petroleum by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 39,255,717 shares of the oil and gas company’s stock worth $2,054,251,000 after acquiring an additional 1,544,114 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Marathon Petroleum by 61.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock worth $223,630,000 after acquiring an additional 1,520,471 shares during the last quarter. 80.83% of the stock is currently owned by institutional investors.
Marathon Petroleum Corporation (NYSE MPC) traded down $1.08 during trading hours on Thursday, reaching $63.46. 2,354,700 shares of the company’s stock traded hands, compared to its average volume of 4,364,486. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. The stock has a market cap of $31,522.12, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61. Marathon Petroleum Corporation has a 52-week low of $46.88 and a 52-week high of $65.41.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. analysts expect that Marathon Petroleum Corporation will post 3.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 annualized dividend and a yield of 2.52%. Marathon Petroleum’s dividend payout ratio (DPR) is 49.08%.
In other news, insider Anthony R. Kenney sold 77,578 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total transaction of $4,836,988.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total transaction of $607,079.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,028 shares of company stock valued at $6,253,447. Company insiders own 1.05% of the company’s stock.
A number of research firms recently weighed in on MPC. UBS lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and upped their target price for the stock from $63.00 to $65.00 in a report on Wednesday, November 15th. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Cowen restated a “buy” rating on shares of Marathon Petroleum in a report on Tuesday, November 14th. Barclays upped their target price on shares of Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, Citigroup upped their target price on shares of Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $65.54.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.thestockobserver.com/2017/12/07/marathon-petroleum-corporation-mpc-shares-sold-by-winton-group-ltd.html.
About Marathon Petroleum
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
Receive News & Ratings for Marathon Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.