AE Wealth Management LLC acquired a new position in Marathon Petroleum Corp (NYSE:MPC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,617 shares of the oil and gas company’s stock, valued at approximately $239,000.

Other hedge funds have also recently modified their holdings of the company. Zeke Capital Advisors LLC lifted its holdings in Marathon Petroleum by 30.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock worth $499,000 after buying an additional 2,069 shares in the last quarter. Vaughan David Investments Inc. IL lifted its holdings in Marathon Petroleum by 12,827.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after buying an additional 602,879 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Marathon Petroleum by 97.6% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 55,994 shares of the oil and gas company’s stock worth $3,140,000 after buying an additional 27,655 shares in the last quarter. APG Asset Management N.V. lifted its holdings in Marathon Petroleum by 14.0% in the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock worth $166,097,000 after buying an additional 362,600 shares in the last quarter. Finally, Shell Asset Management Co. lifted its holdings in Marathon Petroleum by 84.5% in the 3rd quarter. Shell Asset Management Co. now owns 57,225 shares of the oil and gas company’s stock worth $4,845,000 after buying an additional 26,212 shares in the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Shares of Marathon Petroleum Corp (MPC) opened at $63.84 on Monday. The stock has a market cap of $31,180.00, a PE ratio of 19.95, a PEG ratio of 0.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. Marathon Petroleum Corp has a 12 month low of $47.78 and a 12 month high of $73.53.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The business had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. sell-side analysts forecast that Marathon Petroleum Corp will post 5.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, February 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s dividend payout ratio is currently 50.00%.

In related news, insider Thomas M. Kelley sold 35,604 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.75, for a total transaction of $2,305,359.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.93, for a total transaction of $413,863.82. Following the sale, the vice president now directly owns 74,674 shares of the company’s stock, valued at approximately $4,848,582.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,276 shares of company stock valued at $4,645,189. Insiders own 1.05% of the company’s stock.

MPC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Monday, October 16th. Cowen restated a “buy” rating on shares of Marathon Petroleum in a research note on Tuesday, November 14th. Citigroup upped their target price on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Royal Bank of Canada restated a “buy” rating and issued a $89.00 target price on shares of Marathon Petroleum in a research note on Tuesday, January 30th. Finally, Scotiabank restated a “hold” rating and issued a $75.00 target price on shares of Marathon Petroleum in a research note on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $74.08.

ILLEGAL ACTIVITY WARNING: “3,617 Shares in Marathon Petroleum Corp (MPC) Purchased by AE Wealth Management LLC” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://theolympiareport.com/2018/02/12/3617-shares-in-marathon-petroleum-corp-mpc-purchased-by-ae-wealth-management-llc.html.

Marathon Petroleum Company 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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).

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

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.