5,209 Shares in Marathon Petroleum Corporation $MPC Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 3rd quarter, Holdings Channel reports. The firm bought 5,209 shares of the oil and gas company’s stock, valued at approximately $1,004,000.

A number of other hedge funds have also recently added to or reduced their stakes in MPC. Delos Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth $25,000. NewSquare Capital LLC lifted its holdings in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. WFA of San Diego LLC purchased a new stake in Marathon Petroleum in the 2nd quarter worth approximately $33,000. Transce3nd LLC grew its position in shares of Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 205 shares during the period. Finally, Stone House Investment Management LLC increased its stake in shares of Marathon Petroleum by 46.1% during the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 2.7%

Shares of NYSE MPC opened at $201.13 on Friday. The business has a 50 day simple moving average of $181.48 and a 200 day simple moving average of $184.05. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $210.32. The stock has a market cap of $60.46 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum’s payout ratio is presently 29.96%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent research reports. Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Mizuho upped their price target on shares of Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Jefferies Financial Group lowered their price target on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 26th. BMO Capital Markets raised their target price on shares of Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $202.19.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.