Aster Capital Management DIFC Ltd Acquires New Stake in Marathon Petroleum Corporation $MPC

Aster Capital Management DIFC Ltd purchased a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,209 shares of the oil and gas company’s stock, valued at approximately $1,004,000.

A number of other hedge funds also recently made changes to their positions in MPC. Delos Wealth Advisors LLC purchased a new position in Marathon Petroleum in the 2nd quarter worth approximately $25,000. NewSquare Capital LLC increased its holdings in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. IAG Wealth Partners LLC bought a new stake in Marathon Petroleum during the third quarter worth approximately $39,000. WFA of San Diego LLC purchased a new stake in Marathon Petroleum during the 2nd quarter valued at $33,000. Finally, Transce3nd LLC raised its stake in shares of Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 205 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Up 2.7%

MPC opened at $201.13 on Friday. The company’s 50 day simple moving average is $181.48 and its two-hundred day simple moving average is $184.05. The firm has a market capitalization of $60.46 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $210.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results 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 14.00%. The business had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Marathon Petroleum Corporation will post 8.47 EPS 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. 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 dividend payout ratio (DPR) is 29.96%.

Analyst Ratings Changes

MPC has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Scotiabank reiterated an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Raymond James Financial boosted their price target 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, JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

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.