MetLife Investment Advisors LLC purchased a new position in shares of Marathon Petroleum Corp (NYSE:MPC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 151,118 shares of the oil and gas company’s stock, valued at approximately $9,971,000.
Other large investors have also recently made changes to their positions in the company. Third Point LLC purchased a new stake in Marathon Petroleum in the 3rd quarter valued at approximately $154,220,000. Renaissance Technologies LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at approximately $131,947,000. Two Sigma Advisers LP lifted its stake in Marathon Petroleum by 892.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,726,811 shares of the oil and gas company’s stock valued at $113,935,000 after buying an additional 1,552,853 shares in the last quarter. Prudential Financial Inc. lifted its stake in Marathon Petroleum by 61.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock valued at $223,630,000 after buying an additional 1,520,471 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Marathon Petroleum by 24.3% in the 4th quarter. Millennium Management LLC now owns 5,209,211 shares of the oil and gas company’s stock valued at $343,704,000 after buying an additional 1,019,354 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Thomas M. Kelley sold 20,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total value of $1,395,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles E. Bunch purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $67.38 per share, with a total value of $101,070.00. Following the completion of the acquisition, the director now owns 12,853 shares in the company, valued at approximately $866,035.14. The disclosure for this purchase can be found here. 1.05% of the stock is currently owned by corporate insiders.
Shares of MPC stock opened at $71.46 on Wednesday. The company has a market capitalization of $32,948.09, a price-to-earnings ratio of 10.33, a PEG ratio of 0.97 and a beta of 1.49. The company has a current ratio of 1.28, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. Marathon Petroleum Corp has a twelve month low of $47.78 and a twelve month high of $73.53.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. research analysts predict that Marathon Petroleum Corp will post 4.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is presently 26.59%.
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Marathon Petroleum Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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