First Trust Advisors LP Has $30.58 Million Stock Holdings in Marathon Petroleum Corporation $MPC

First Trust Advisors LP trimmed its position in Marathon Petroleum Corporation (NYSE:MPC) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 184,090 shares of the oil and gas company’s stock after selling 9,117 shares during the period. First Trust Advisors LP’s holdings in Marathon Petroleum were worth $30,579,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPC. Vanguard Group Inc. boosted its holdings in Marathon Petroleum by 11.2% in the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after acquiring an additional 3,924,713 shares during the last quarter. Norges Bank bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $527,197,000. Boston Partners grew its position in shares of Marathon Petroleum by 58.5% during the 1st quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company’s stock worth $791,274,000 after buying an additional 2,011,810 shares during the period. Wellington Management Group LLP raised its stake in shares of Marathon Petroleum by 18.7% during the first quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after buying an additional 1,862,674 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after buying an additional 1,033,645 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPC. BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Bank of America increased their price target on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of “Hold” and an average price target of $203.21.

Marathon Petroleum Price Performance

MPC stock opened at $191.45 on Thursday. The stock has a market cap of $57.55 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72. The stock has a 50-day moving average price of $191.31 and a two-hundred day moving average price of $179.13. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.01. The company had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

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.