Robeco Institutional Asset Management B.V. Purchases 4,442 Shares of Marathon Petroleum Corporation $MPC

Robeco Institutional Asset Management B.V. boosted its holdings in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,919 shares of the oil and gas company’s stock after acquiring an additional 4,442 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marathon Petroleum were worth $25,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Asset Management LLC VA bought a new stake in shares of Marathon Petroleum in the second quarter worth approximately $412,000. Los Angeles Capital Management LLC grew its position in Marathon Petroleum by 459.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after purchasing an additional 156,019 shares during the period. FSM Wealth Advisors LLC purchased a new stake in Marathon Petroleum during the 2nd quarter valued at $685,000. Generali Asset Management SPA SGR boosted its stake in shares of Marathon Petroleum by 36.8% in the 3rd quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock worth $7,946,000 after buying an additional 11,082 shares during the last quarter. Finally, Greatmark Investment Partners Inc. grew its holdings in shares of Marathon Petroleum by 2.9% in the second quarter. Greatmark Investment Partners Inc. now owns 168,603 shares of the oil and gas company’s stock worth $28,007,000 after acquiring an additional 4,820 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Finally, Evercore ISI lifted their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $203.07.

Check Out Our Latest Stock Analysis on MPC

Marathon Petroleum Stock Performance

MPC opened at $172.64 on Thursday. The company has a 50 day simple moving average of $183.90 and a two-hundred day simple moving average of $180.19. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The firm has a market cap of $51.89 billion, a P/E ratio of 18.40, a PEG ratio of 0.65 and a beta of 0.74. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.29.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a dividend of $1.00 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

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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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