Dimensional Fund Advisors LP Has $657.54 Million Holdings in Marathon Petroleum Corporation $MPC

Dimensional Fund Advisors LP decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,410,655 shares of the oil and gas company’s stock after selling 287,474 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.13% of Marathon Petroleum worth $657,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cresset Asset Management LLC grew its holdings in shares of Marathon Petroleum by 61.5% during the third quarter. Cresset Asset Management LLC now owns 11,011 shares of the oil and gas company’s stock worth $2,122,000 after purchasing an additional 4,194 shares during the last quarter. CI Investments Inc. grew its holdings in Marathon Petroleum by 1.8% during the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock worth $643,000 after acquiring an additional 60 shares during the last quarter. Strive Asset Management LLC acquired a new position in Marathon Petroleum in the 3rd quarter valued at approximately $6,746,000. Focus Partners Advisor Solutions LLC raised its stake in shares of Marathon Petroleum by 18.5% during the third quarter. Focus Partners Advisor Solutions LLC now owns 11,367 shares of the oil and gas company’s stock valued at $2,223,000 after acquiring an additional 1,776 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Marathon Petroleum by 3.0% during the third quarter. WASHINGTON TRUST Co now owns 2,200 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPC. Scotiabank reaffirmed an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research report on Friday, January 16th. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. JPMorgan Chase & Co. cut their price objective on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. TD Cowen increased their target price on shares of Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial boosted their price target on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.19.

Marathon Petroleum Stock Up 1.0%

Shares of NYSE MPC opened at $211.83 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The firm has a market cap of $62.43 billion, a PE ratio of 15.87, a P/E/G ratio of 1.36 and a beta of 0.69. The company’s fifty day simple moving average is $183.90 and its 200 day simple moving average is $185.35. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $215.57.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The firm had revenue of $32.57 billion for the quarter, compared to analyst estimates of $30.89 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.