Marathon Petroleum Co. (NYSE:MPC) Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,485,925 shares of the oil and gas company’s stock after purchasing an additional 67,913 shares during the period. Charles Schwab Investment Management Inc. owned 0.77% of Marathon Petroleum worth $346,787,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Marathon Petroleum by 42.9% during the third quarter. Farther Finance Advisors LLC now owns 3,459 shares of the oil and gas company’s stock valued at $564,000 after buying an additional 1,038 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Marathon Petroleum during the 3rd quarter valued at approximately $30,000. Van ECK Associates Corp lifted its stake in Marathon Petroleum by 237.1% during the third quarter. Van ECK Associates Corp now owns 69,402 shares of the oil and gas company’s stock worth $10,671,000 after purchasing an additional 48,814 shares during the last quarter. Intact Investment Management Inc. acquired a new position in Marathon Petroleum in the third quarter worth $68,000. Finally, Hixon Zuercher LLC increased its stake in Marathon Petroleum by 6.9% during the third quarter. Hixon Zuercher LLC now owns 4,066 shares of the oil and gas company’s stock valued at $662,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 5.2 %

Marathon Petroleum stock opened at $135.18 on Thursday. The company’s 50-day moving average price is $148.53 and its two-hundred day moving average price is $154.81. The stock has a market cap of $43.44 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 3.11 and a beta of 1.41. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.98 earnings per share. On average, analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.69%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays reduced their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Mizuho dropped their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.27.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.