LMR Partners LLP Sells 25,677 Shares of Marathon Petroleum Corporation (MPC)

LMR Partners LLP decreased its position in Marathon Petroleum Corporation (NYSE:MPC) by 63.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,499 shares of the oil and gas company’s stock after selling 25,677 shares during the period. LMR Partners LLP’s holdings in Marathon Petroleum were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MPC. Accurate Investment Solutions Inc. boosted its holdings in Marathon Petroleum by 0.4% during the second quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after buying an additional 14 shares during the last quarter. Good Life Advisors LLC boosted its holdings in Marathon Petroleum by 0.5% during the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after buying an additional 35 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Marathon Petroleum by 0.6% during the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after buying an additional 36 shares during the last quarter. Warren Averett Asset Management LLC boosted its holdings in Marathon Petroleum by 0.3% during the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after buying an additional 40 shares during the last quarter. Finally, Lee Financial Co boosted its holdings in Marathon Petroleum by 2.4% during the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 81.81% of the company’s stock.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at $62.03 on Friday. Marathon Petroleum Corporation has a 1 year low of $44.60 and a 1 year high of $63.41. The stock has a market capitalization of $30,296.20, a P/E ratio of 18.85, a P/E/G ratio of 1.53 and a beta of 1.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same quarter last year, the firm earned $0.58 EPS. Marathon Petroleum’s revenue for the quarter was up 17.6% compared to the same quarter last year. equities analysts expect that Marathon Petroleum Corporation will post 3.68 earnings per share for the current year.

The business also recently declared 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 is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. Marathon Petroleum’s dividend payout ratio is 49.08%.

In other Marathon Petroleum news, VP Raymond L. Brooks sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,028 shares of company stock valued at $6,253,447. Corporate insiders own 1.05% of the company’s stock.

A number of brokerages have issued reports on MPC. BidaskClub cut Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group LLC set a $65.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Goldman Sachs Group Inc lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Cowen Inc raised their price target on Marathon Petroleum from $60.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $65.07.

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Marathon Petroleum Profile

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.

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

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