Rosenberg Matthew Hamilton Grows Position in Marathon Petroleum Co. (NYSE:MPC)

Rosenberg Matthew Hamilton increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,642 shares of the oil and gas company’s stock after acquiring an additional 93 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Marathon Petroleum were worth $593,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Marathon Petroleum by 2.6% during the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock worth $743,690,000 after purchasing an additional 107,915 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Marathon Petroleum by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock worth $620,815,000 after buying an additional 31,100 shares during the last quarter. Boston Partners grew its holdings in Marathon Petroleum by 0.3% in the 1st quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock valued at $558,390,000 after buying an additional 8,476 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Marathon Petroleum by 8.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock worth $463,160,000 after acquiring an additional 209,270 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Marathon Petroleum by 7.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock worth $335,241,000 after acquiring an additional 117,790 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.5 %

MPC stock traded up $0.67 during midday trading on Thursday, hitting $145.43. The company’s stock had a trading volume of 349,879 shares, compared to its average volume of 2,661,928. Marathon Petroleum Co. has a 52-week low of $140.98 and a 52-week high of $221.11. The firm has a 50-day simple moving average of $163.74 and a 200-day simple moving average of $172.18. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $51.24 billion, a P/E ratio of 7.23, a PEG ratio of 3.03 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $5.32 EPS. As a group, equities analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a $0.91 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.50%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Morgan Stanley reduced their price target on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets lowered their price objective on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Tudor Pickering lowered Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. downgraded Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum Company 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.