5,616 Marathon Petroleum Corporation $MPC Shares Purchased by Candriam S.C.A.

Candriam S.C.A. increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 23.7% in the third quarter, HoldingsChannel.com reports. The fund owned 29,267 shares of the oil and gas company’s stock after buying an additional 5,616 shares during the period. Candriam S.C.A.’s holdings in Marathon Petroleum were worth $11,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPC. 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 purchasing an additional 2,637 shares during the period. Energy Income Partners LLC acquired a new stake in Marathon Petroleum during the 2nd quarter worth about $4,912,000. Evolve Private Wealth LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $673,000. Railway Pension Investments Ltd acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $3,886,000. Finally, Sax Wealth Advisors LLC lifted its holdings in shares of Marathon Petroleum by 471.0% in 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 during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 1,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $375.75, for a total transaction of $375,750.00. Following the completion of the transaction, the senior vice president directly owned 11,194 shares in the company, valued at approximately $4,206,145.50. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction on 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 transaction, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $389.91 on Tuesday. The stock has a market capitalization of $106.16 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.10 and a beta of 0.53. The stock has a 50-day moving average of $422.11 and a 200 day moving average of $296.41. The company has a current ratio of 1.45, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $493.98.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $26.93 EPS for the quarter, beating the consensus estimate of $25.37 by $1.56. The company had revenue of $56.03 billion for the quarter, compared to analyst estimates of $46.60 billion. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. Marathon Petroleum’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company earned $3.01 earnings per share. Sell-side analysts anticipate that Marathon Petroleum Corporation will post 66.31 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, November 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Analyst Ratings Changes

Several analysts recently commented on MPC shares. Barclays raised their target price on Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. UBS Group set a $510.00 price objective on shares of Marathon Petroleum in a research note on Friday, October 9th. Citigroup lifted their target price on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. Finally, TD Cowen boosted their target price on shares of Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $425.12.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.