Rhumbline Advisers Has $128.99 Million Holdings in Marathon Petroleum Corporation $MPC

Rhumbline Advisers lifted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 669,237 shares of the oil and gas company’s stock after purchasing an additional 11,948 shares during the quarter. Rhumbline Advisers’ holdings in Marathon Petroleum were worth $128,989,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MPC. Delos Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum in the second quarter valued at about $25,000. Activest Wealth Management boosted its position in Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth about $33,000. Finally, Transce3nd LLC raised its stake in Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 205 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of several recent research reports. TD Cowen boosted their price target on Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Barclays cut their price target on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday, January 22nd. Finally, Scotiabank restated an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.19.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $208.54 on Thursday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $209.40. The company’s 50 day moving average price is $178.42 and its two-hundred day moving average price is $181.82. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The firm has a market capitalization of $62.69 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.38 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $35.10 billion for the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 29.96%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.