47,182 Marathon Petroleum Corporation $MPC Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,373 shares of the oil and gas company’s stock after selling 47,182 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marathon Petroleum were worth $125,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Energy Income Partners LLC purchased a new stake in Marathon Petroleum in the second quarter worth $4,912,000. Vontobel Holding Ltd. lifted its position in Marathon Petroleum by 23.2% during the third quarter. Vontobel Holding Ltd. now owns 14,025 shares of the oil and gas company’s stock valued at $5,546,000 after buying an additional 2,637 shares during the period. Evolve Private Wealth LLC purchased a new position in Marathon Petroleum during the second quarter valued at $673,000. Railway Pension Investments Ltd purchased a new position in Marathon Petroleum during the second quarter valued at $3,886,000. Finally, Sax Wealth Advisors LLC boosted its holdings in shares of Marathon Petroleum by 471.0% during the 3rd quarter. Sax Wealth Advisors LLC now owns 18,705 shares of the oil and gas company’s stock valued at $7,396,000 after buying an additional 15,429 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 1.3%

MPC stock opened at $469.02 on Thursday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market cap of $136.92 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 0.14 and a beta of 0.54. The business has a 50 day moving average of $405.97 and a 200 day moving average of $314.27.

Marathon Petroleum (NYSE:MPC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same quarter in the previous year, the business earned $3.96 earnings per share. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. On average, research analysts forecast that Marathon Petroleum Corporation will post 64.00 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.9%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of recent research reports. Evercore set a $330.00 target price on shares of Marathon Petroleum in a research report on Wednesday, August 5th. Raymond James Financial increased their price target on shares of Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Piper Sandler lifted their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Barclays boosted their price objective on shares of Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Finally, Mizuho boosted their price objective on shares of Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $417.88.

Get Our Latest Report on Marathon Petroleum

Insider Activity

In related news, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. The trade was a 16.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,691 shares of company stock worth $7,780,127 over the last three months. 0.17% of the stock is currently owned by corporate insiders.

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Marathon Petroleum Company Profile

(Free Report)

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

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

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