Marathon Petroleum Corp (NYSE:MPC) Shares Acquired by Bartlett & Co. LLC

Bartlett & Co. LLC lifted its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 1,484.6% during the third quarter, HoldingsChannel reports. The firm owned 10,173 shares of the oil and gas company’s stock after purchasing an additional 9,531 shares during the quarter. Bartlett & Co. LLC’s holdings in Marathon Petroleum were worth $618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lincoln National Corp increased its stake in Marathon Petroleum by 8.6% during the second quarter. Lincoln National Corp now owns 5,089 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 402 shares during the last quarter. Carderock Capital Management Inc. increased its stake in Marathon Petroleum by 1.4% during the second quarter. Carderock Capital Management Inc. now owns 41,462 shares of the oil and gas company’s stock valued at $2,317,000 after purchasing an additional 588 shares during the last quarter. LS Investment Advisors LLC increased its stake in Marathon Petroleum by 1.4% during the third quarter. LS Investment Advisors LLC now owns 27,016 shares of the oil and gas company’s stock valued at $1,641,000 after purchasing an additional 365 shares during the last quarter. Next Capital Management LLC bought a new stake in Marathon Petroleum during the second quarter valued at $35,000. Finally, Buckingham Asset Management LLC increased its stake in Marathon Petroleum by 86.2% during the second quarter. Buckingham Asset Management LLC now owns 7,523 shares of the oil and gas company’s stock valued at $420,000 after purchasing an additional 3,482 shares during the last quarter. 76.62% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on MPC shares. Citigroup boosted their target price on shares of Marathon Petroleum from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Marathon Petroleum from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Cowen upped their price target on shares of Marathon Petroleum from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Co upped their price target on shares of Marathon Petroleum from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $73.38.

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Marathon Petroleum stock opened at $66.23 on Friday. The company has a 50-day simple moving average of $63.09 and a 200-day simple moving average of $54.98. The firm has a market capitalization of $43.14 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.58 and a beta of 1.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.63 and a current ratio of 1.25. Marathon Petroleum Corp has a one year low of $43.96 and a one year high of $69.65.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.30 by $0.33. The business had revenue of $31.20 billion during the quarter, compared to analyst estimates of $32.89 billion. Marathon Petroleum had a net margin of 2.50% and a return on equity of 8.94%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Corp will post 4.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $2.12 annualized dividend and a dividend yield of 3.20%. Marathon Petroleum’s dividend payout ratio is currently 31.27%.

Marathon Petroleum Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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