Aberdeen Group plc Has $21.01 Million Holdings in Marathon Petroleum Corporation $MPC

Aberdeen Group plc trimmed its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 26.7% in the third quarter, Holdings Channel reports. The fund owned 106,934 shares of the oil and gas company’s stock after selling 38,908 shares during the period. Aberdeen Group plc’s holdings in Marathon Petroleum were worth $21,009,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. TD Cowen increased their price objective on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. The Goldman Sachs Group boosted their target price on Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets upped their price target on Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Finally, Scotiabank reiterated an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a report on Friday, January 16th. Ten 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.19.

Marathon Petroleum Stock Performance

Shares of NYSE MPC opened at $200.13 on Wednesday. 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 stock has a 50 day moving average price of $179.30 and a 200 day moving average price of $182.73. The stock has a market capitalization of $60.16 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.74. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $210.32.

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

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 29.96%.

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.