Harvest Fund Management Co. Ltd Acquires 502 Shares of Marathon Petroleum Co. (NYSE:MPC)

Harvest Fund Management Co. Ltd boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 34.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,951 shares of the oil and gas company’s stock after acquiring an additional 502 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Marathon Petroleum were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MPC. J.P. Morgan Private Wealth Advisors LLC bought a new position in Marathon Petroleum in the 3rd quarter worth about $109,099,000. Acadian Asset Management LLC raised its holdings in shares of Marathon Petroleum by 127.0% during the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock valued at $186,536,000 after buying an additional 689,576 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Marathon Petroleum by 256.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock valued at $131,235,000 after buying an additional 636,281 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Marathon Petroleum by 248.1% during the 4th quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock valued at $90,335,000 after buying an additional 433,977 shares in the last quarter. Finally, Korea Investment CORP raised its holdings in shares of Marathon Petroleum by 61.9% during the 3rd quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock valued at $100,227,000 after buying an additional 253,321 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research reports. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Bank of America lifted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price target on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Finally, Mizuho lifted their price target on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Trading Down 0.3 %

Marathon Petroleum stock opened at $199.14 on Thursday. The company has a market capitalization of $71.76 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.52. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The business’s fifty day simple moving average is $191.26 and its two-hundred day simple moving average is $166.23.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. Marathon Petroleum’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.65 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 20.49 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.66%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.