15,000 Shares in Marathon Petroleum Corporation $MPC Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,000 shares of the oil and gas company’s stock, valued at approximately $2,891,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Marathon Petroleum by 11.2% in the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the last quarter. Norges Bank purchased a new position in Marathon Petroleum during the 2nd quarter worth approximately $527,197,000. Geode Capital Management LLC grew its stake in shares of Marathon Petroleum by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after purchasing an additional 1,033,645 shares during the period. Boston Partners grew its holdings in Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after purchasing an additional 715,223 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in Marathon Petroleum by 27,979.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after buying an additional 657,246 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $196.54 on Friday. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $210.32. The stock’s fifty day moving average is $179.66 and its 200-day moving average is $182.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The firm has a market capitalization of $59.08 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The firm had revenue of $35.10 billion during the quarter, compared to analyst estimates of $30.89 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. Marathon Petroleum’s revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

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 dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 2.0%. Marathon Petroleum’s payout ratio is presently 29.96%.

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. JPMorgan Chase & Co. dropped their price target on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. BMO Capital Markets increased their price objective on Marathon Petroleum from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Raymond James Financial boosted their target price on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Citigroup upped their price target on Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

About Marathon Petroleum

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.