Flagship Harbor Advisors LLC lifted its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,313 shares of the oil and gas company’s stock after purchasing an additional 813 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Marathon Petroleum were worth $136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Marathon Petroleum by 44.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,506,332 shares of the oil and gas company’s stock valued at $526,645,000 after buying an additional 2,297,774 shares during the last quarter. CENTRAL TRUST Co boosted its position in Marathon Petroleum by 57.5% in the 3rd quarter. CENTRAL TRUST Co now owns 25,502 shares of the oil and gas company’s stock valued at $2,040,000 after buying an additional 9,307 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in Marathon Petroleum in the 3rd quarter valued at about $224,000. Fox Run Management L.L.C. boosted its position in Marathon Petroleum by 66.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 11,431 shares of the oil and gas company’s stock valued at $914,000 after buying an additional 4,550 shares during the last quarter. Finally, Chemung Canal Trust Co. boosted its position in Marathon Petroleum by 130.8% in the 3rd quarter. Chemung Canal Trust Co. now owns 38,894 shares of the oil and gas company’s stock valued at $3,110,000 after buying an additional 22,039 shares during the last quarter. 83.16% of the stock is owned by institutional investors.

In other Marathon Petroleum news, Director Steven A. Davis acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 16,462 shares in the company, valued at $1,023,936.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Davis acquired 3,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average price of $62.14 per share, for a total transaction of $217,490.00. The disclosure for this purchase can be found here. 1.09% of the stock is owned by corporate insiders.

Several brokerages have recently commented on MPC. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, October 9th. Tudor Pickering raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Morgan Stanley set a $110.00 price target on shares of Marathon Petroleum and gave the stock a “buy” rating in a research report on Friday, October 12th. Citigroup increased their price target on shares of Marathon Petroleum from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Finally, ValuEngine cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $94.21.

MPC opened at $65.47 on Friday. The stock has a market cap of $45.23 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 0.66 and a beta of 1.35. Marathon Petroleum Corp has a fifty-two week low of $54.29 and a fifty-two week high of $88.45. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. The firm had revenue of $23.13 billion for the quarter, compared to analyst estimates of $23.20 billion. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. Marathon Petroleum’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. Sell-side analysts predict that Marathon Petroleum Corp will post 5.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be paid a dividend of $0.53 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.12 annualized dividend and a yield of 3.24%. Marathon Petroleum’s dividend payout ratio is 48.42%.

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About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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

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