Marathon Petroleum Corporation $MPC Stake Lowered by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its stake in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 27.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,443 shares of the oil and gas company’s stock after selling 10,236 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Marathon Petroleum were worth $5,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MPC. Associated Banc Corp grew its stake in Marathon Petroleum by 2.1% during the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after buying an additional 52 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Marathon Petroleum by 2.6% in the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 59 shares during the last quarter. CI Investments Inc. boosted its holdings in shares of Marathon Petroleum by 1.8% during the third quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock valued at $643,000 after acquiring an additional 60 shares during the period. FSM Wealth Advisors LLC boosted its holdings in shares of Marathon Petroleum by 1.6% during the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock valued at $760,000 after acquiring an additional 63 shares during the period. Finally, Warwick Investment Management Inc. grew its position in shares of Marathon Petroleum by 4.6% during the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective 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. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings upgraded shares of Marathon Petroleum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. UBS Group reaffirmed a “buy” rating and set a $221.00 price target on shares of Marathon Petroleum in a report on Friday, February 6th. Finally, Wall Street Zen upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $202.50.

Check Out Our Latest Report on Marathon Petroleum

Key Headlines Impacting Marathon Petroleum

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Marathon Petroleum Stock Performance

Shares of MPC opened at $221.21 on Monday. The firm has a 50-day moving average price of $187.19 and a 200 day moving average price of $186.52. The firm has a market capitalization of $65.20 billion, a PE ratio of 16.57, a P/E/G ratio of 1.37 and a beta of 0.69. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $228.55.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. Marathon Petroleum’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, sell-side analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.

Marathon Petroleum Profile

(Free Report)

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.

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

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