Tableaux LLC Makes New $510,000 Investment in Marathon Petroleum Corporation $MPC

Tableaux LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 2,648 shares of the oil and gas company’s stock, valued at approximately $510,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after acquiring an additional 3,924,713 shares during the period. Geode Capital Management LLC increased its stake in shares of Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after purchasing an additional 1,033,645 shares in the last quarter. Boston Partners increased its stake in shares of Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after purchasing an additional 715,223 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Marathon Petroleum by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,619,398 shares of the oil and gas company’s stock valued at $933,438,000 after purchasing an additional 637,050 shares during the period. Finally, Norges Bank purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at $527,197,000. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of analyst reports. Mizuho increased their price target on Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group upped their price objective on Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Jefferies Financial Group dropped their price target on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, BMO Capital Markets lifted their price objective on shares of Marathon Petroleum from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Stock Performance

NYSE MPC opened at $195.10 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $210.32. The business has a 50 day simple moving average of $180.40 and a two-hundred day simple moving average of $183.85. The stock has a market capitalization of $58.65 billion, a PE ratio of 14.61, a P/E/G ratio of 1.25 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last posted its 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. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The firm had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. During the same period in the prior year, the company earned $0.77 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

About Marathon Petroleum

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.