Trexquant Investment LP decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,379 shares of the oil and gas company’s stock after selling 6,221 shares during the period. Marathon Petroleum makes up about 0.5% of Trexquant Investment LP’s investment portfolio, making the stock its 25th largest holding. Trexquant Investment LP’s holdings in Marathon Petroleum were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of MPC. Blue Chip Partners Inc. bought a new stake in shares of Marathon Petroleum during the second quarter worth $100,000. Lee Financial Co increased its position in shares of 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 acquiring an additional 48 shares in the last quarter. First Interstate Bank increased its position in shares of Marathon Petroleum by 81.1% during the second quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock worth $124,000 after acquiring an additional 1,064 shares in the last quarter. Crow Point Partners LLC bought a new stake in shares of Marathon Petroleum during the third quarter worth $128,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the third quarter worth $135,000. 81.81% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on MPC shares. BidaskClub downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. UBS AG downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and raised their target price for the company from $63.00 to $65.00 in a research report on Sunday. Goldman Sachs Group Inc downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price for the company. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Cowen Inc reaffirmed a “buy” rating and issued a $60.00 target price on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $65.07.
Marathon Petroleum Corporation (NYSE MPC) traded up $0.02 during trading on Monday, reaching $62.03. 1,407,400 shares of the company were exchanged, compared to its average volume of 4,366,588. The company 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. Marathon Petroleum Corporation has a 1-year low of $44.60 and a 1-year high of $63.41. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. The firm had revenue of $19.36 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. analysts predict that Marathon Petroleum Corporation will post 3.68 earnings per share for the current fiscal year.
The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum’s dividend payout ratio is currently 49.08%.
In other Marathon Petroleum news, VP Raymond L. Brooks sold 13,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the sale, the vice president now owns 32,205 shares in the company, valued at $2,005,083.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of the stock in a transaction 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 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. Corporate insiders own 1.05% of the company’s stock.
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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.
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