IFM Investors Pty Ltd Has $12.28 Million Position in Marathon Petroleum Corporation $MPC

IFM Investors Pty Ltd grew its stake in Marathon Petroleum Corporation (NYSE:MPC) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,282 shares of the oil and gas company’s stock after acquiring an additional 2,385 shares during the period. IFM Investors Pty Ltd’s holdings in Marathon Petroleum were worth $12,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Diversified Trust Co. raised its position in shares of Marathon Petroleum by 39.3% in the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock valued at $2,549,000 after buying an additional 4,419 shares in the last quarter. North Dakota State Investment Board acquired a new position in Marathon Petroleum in the 4th quarter worth about $1,714,000. USA Financial Formulas acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $791,000. KBC Group NV increased its position in Marathon Petroleum by 22.4% in the 4th quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock valued at $36,728,000 after acquiring an additional 41,259 shares during the period. Finally, KKM Financial LLC raised its position in Marathon Petroleum by 27.6% during the 3rd quarter. KKM Financial LLC now owns 26,202 shares of the oil and gas company’s stock worth $5,050,000 after purchasing an additional 5,661 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Activity at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MPC shares. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Scotiabank boosted their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Bank of America raised their target price on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $344.00 price objective on shares of Marathon Petroleum in a research report on Monday, June 15th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $272.62.

Marathon Petroleum Price Performance

MPC opened at $264.77 on Thursday. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $272.46. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $250.30 and a 200-day moving average price of $218.02. The stock has a market capitalization of $77.30 billion, a P/E ratio of 17.28, a PEG ratio of 0.38 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same period in the previous year, the business posted ($0.24) EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Marathon Petroleum Corporation will post 32.27 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s payout ratio is currently 26.11%.

Marathon Petroleum Profile

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.