Schroder Investment Management Group lowered its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 54.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,375 shares of the oil and gas company’s stock after selling 45,204 shares during the period. Schroder Investment Management Group’s holdings in Marathon Petroleum were worth $3,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Marathon Petroleum by 9.8% during the third quarter. BlackRock Inc. now owns 39,961,377 shares of the oil and gas company’s stock worth $3,195,712,000 after buying an additional 3,550,450 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Marathon Petroleum by 16.0% during the third quarter. Bank of New York Mellon Corp now owns 8,709,970 shares of the oil and gas company’s stock worth $696,535,000 after buying an additional 1,203,638 shares during the last quarter. Morgan Stanley grew its holdings in shares of Marathon Petroleum by 59.5% during the second quarter. Morgan Stanley now owns 5,798,607 shares of the oil and gas company’s stock worth $406,829,000 after buying an additional 2,162,851 shares during the last quarter. PointState Capital LP purchased a new position in shares of Marathon Petroleum during the second quarter worth about $378,482,000. Finally, FMR LLC grew its holdings in shares of Marathon Petroleum by 46.6% during the third quarter. FMR LLC now owns 4,706,401 shares of the oil and gas company’s stock worth $376,371,000 after buying an additional 1,496,676 shares during the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

In other Marathon Petroleum news, Director Steven A. Davis acquired 2,500 shares of the stock in a transaction on Monday, November 19th. The shares were bought at an average price of $62.20 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by insiders.

A number of research firms recently issued reports on MPC. ValuEngine raised Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup lowered their price target on Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday. Cowen reissued an “outperform” rating and set a $101.00 price target (up previously from $87.00) on shares of Marathon Petroleum in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, August 17th. Finally, Morgan Stanley set a $110.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a report on Friday, October 12th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.93.

Shares of MPC opened at $61.56 on Friday. Marathon Petroleum Corp has a twelve month low of $60.64 and a twelve month high of $88.45. The company has a market capitalization of $43.90 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.02. Marathon Petroleum had a return on equity of 12.28% and a net margin of 4.48%. The company had revenue of $23.13 billion for the quarter, compared to analyst estimates of $23.20 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corp will post 5.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, November 20th. Marathon Petroleum’s dividend payout ratio is presently 48.42%.

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Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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

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