Bailard Inc. decreased its position in Marathon Petroleum Corp (NYSE:MPC) by 47.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,296 shares of the oil and gas company’s stock after selling 22,514 shares during the period. Bailard Inc.’s holdings in Marathon Petroleum were worth $1,493,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Certified Advisory Corp boosted its stake in shares of Marathon Petroleum by 71.2% during the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 198 shares during the period. Kistler Tiffany Companies LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. SeaBridge Investment Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at $30,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Marathon Petroleum by 329.8% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 606 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 465 shares during the period. Finally, BerganKDV Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at $36,000. 60.89% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on MPC. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Cowen decreased their target price on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 28th. Standpoint Research began coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They set an “accumulate” rating for the company. ValuEngine raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Marathon Petroleum in a research note on Thursday, January 10th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $92.41.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.43. The business had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $34.16 billion. Marathon Petroleum had a net margin of 2.86% and a return on equity of 18.84%. Marathon Petroleum’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. On average, research analysts expect that Marathon Petroleum Corp will post 6.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 20th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.46. Marathon Petroleum’s dividend payout ratio (DPR) is currently 27.14%.
In other Marathon Petroleum news, Director Steven A. Davis purchased 2,500 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were acquired at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Davis purchased 3,500 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were acquired at an average price of $62.14 per share, for a total transaction of $217,490.00. The disclosure for this purchase can be found here. 1.09% of the stock is currently owned by company insiders.
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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, Speedway 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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