Rothschild & Co. Asset Management US Inc. Trims Stake in Marathon Petroleum Corp (MPC)
Rothschild & Co. Asset Management US Inc. reduced its position in Marathon Petroleum Corp (NYSE:MPC) by 0.0% in the 1st quarter, Holdings Channel reports. The firm owned 1,124,558 shares of the oil and gas company’s stock after selling 558 shares during the period. Marathon Petroleum makes up 0.7% of Rothschild & Co. Asset Management US Inc.’s holdings, making the stock its 19th biggest holding. Rothschild & Co. Asset Management US Inc.’s holdings in Marathon Petroleum were worth $67,305,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of MPC. BlackRock Inc. lifted its holdings in shares of Marathon Petroleum by 36.6% in the 4th quarter. BlackRock Inc. now owns 54,581,132 shares of the oil and gas company’s stock valued at $3,220,832,000 after purchasing an additional 14,619,755 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Marathon Petroleum by 9,095.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,042,197 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 13,889,489 shares during the last quarter. Norges Bank purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $462,677,000. Boston Partners raised its stake in Marathon Petroleum by 81.9% during the 4th quarter. Boston Partners now owns 12,173,365 shares of the oil and gas company’s stock valued at $718,350,000 after acquiring an additional 5,479,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Marathon Petroleum by 70.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,065,459 shares of the oil and gas company’s stock valued at $593,940,000 after acquiring an additional 4,153,879 shares during the last quarter. 76.86% of the stock is owned by institutional investors and hedge funds.
NYSE MPC opened at $50.20 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.55 and a current ratio of 1.20. Marathon Petroleum Corp has a 12-month low of $50.19 and a 12-month high of $88.45. The company has a market cap of $35.30 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s payout ratio is 31.27%.
In other Marathon Petroleum news, insider Donald C. Templin bought 5,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $50.74 per share, for a total transaction of $253,700.00. Following the transaction, the insider now owns 93,182 shares of the company’s stock, valued at approximately $4,728,054.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary R. Heminger sold 187,142 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $12,164,230.00. Following the transaction, the chief executive officer now owns 434,166 shares in the company, valued at approximately $28,220,790. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
Several analysts have commented on MPC shares. Wells Fargo & Co reduced their price objective on Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. ValuEngine raised Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley reduced their price objective on Marathon Petroleum from $85.00 to $82.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Raymond James reduced their price objective on Marathon Petroleum from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 9th. Finally, Cowen reaffirmed an “outperform” rating and set a $90.00 price objective (down from $101.00) on shares of Marathon Petroleum in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.68.
Marathon Petroleum Company 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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