Marathon Petroleum Corp (MPC) Shares Sold by Affinity Investment Advisors LLC
Affinity Investment Advisors LLC decreased its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 180,331 shares of the oil and gas company’s stock after selling 19,021 shares during the period. Affinity Investment Advisors LLC’s holdings in Marathon Petroleum were worth $11,898,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Zeke Capital Advisors LLC grew its stake in shares of Marathon Petroleum by 30.3% during the third quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock worth $499,000 after acquiring an additional 2,069 shares during the last quarter. Vaughan David Investments Inc. IL grew its stake in shares of Marathon Petroleum by 12,827.2% during the third quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after acquiring an additional 602,879 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of Marathon Petroleum by 97.6% during the third quarter. Sumitomo Life Insurance Co. now owns 55,994 shares of the oil and gas company’s stock worth $3,140,000 after acquiring an additional 27,655 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Marathon Petroleum by 14.0% during the third quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock worth $166,097,000 after acquiring an additional 362,600 shares during the last quarter. Finally, Shell Asset Management Co. grew its stake in shares of Marathon Petroleum by 84.5% during the third quarter. Shell Asset Management Co. now owns 57,225 shares of the oil and gas company’s stock worth $4,845,000 after acquiring an additional 26,212 shares during the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.
In other Marathon Petroleum news, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total value of $413,863.82. Following the completion of the transaction, the vice president now directly owns 74,674 shares of the company’s stock, valued at $4,848,582.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now directly owns 32,205 shares of the company’s stock, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders sold 72,276 shares of company stock valued at $4,645,189 over the last three months. 1.05% of the stock is currently owned by corporate insiders.
Shares of Marathon Petroleum Corp (NYSE MPC) opened at $62.79 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. Marathon Petroleum Corp has a twelve month low of $47.78 and a twelve month high of $73.53. The company has a market capitalization of $30,670.00, a PE ratio of 19.62, a P/E/G ratio of 0.90 and a beta of 1.50.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. The firm had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue was up 22.9% compared to the same quarter last year. analysts expect that Marathon Petroleum Corp will post 5.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 dividend on an annualized basis and a yield of 2.93%. Marathon Petroleum’s payout ratio is presently 50.00%.
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Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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