Marathon Petroleum Corporation $MPC Stock Holdings Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 98.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,363 shares of the oil and gas company’s stock after selling 1,974,794 shares during the quarter. Pacer Advisors Inc.’s holdings in Marathon Petroleum were worth $6,430,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MPC. Concord Asset Management LLC VA acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at about $412,000. Los Angeles Capital Management LLC raised its position in Marathon Petroleum by 459.5% during the second quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock valued at $31,556,000 after acquiring an additional 156,019 shares in the last quarter. FSM Wealth Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $685,000. Greatmark Investment Partners Inc. grew its position in Marathon Petroleum by 2.9% in the second quarter. Greatmark Investment Partners Inc. now owns 168,603 shares of the oil and gas company’s stock worth $28,007,000 after acquiring an additional 4,820 shares in the last quarter. Finally, Brookstone Capital Management increased its stake in shares of Marathon Petroleum by 17.8% during the 2nd quarter. Brookstone Capital Management now owns 10,687 shares of the oil and gas company’s stock worth $1,775,000 after purchasing an additional 1,617 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $163.72 on Monday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a market cap of $49.21 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.86 and a beta of 0.72. The business’s 50 day moving average is $187.86 and its two-hundred day moving average is $180.30. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a $1.00 dividend. The ex-dividend date was Wednesday, November 19th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Marathon Petroleum’s dividend payout ratio is 42.64%.

Analysts Set New Price Targets

MPC has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Mizuho set a $196.00 price target on Marathon Petroleum in a research note on Friday, December 12th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a report on Tuesday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Hold” and a consensus target price of $203.07.

Marathon Petroleum 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.