Guggenheim Capital LLC Cuts Holdings in Marathon Petroleum Corp (MPC)

Guggenheim Capital LLC lowered its position in Marathon Petroleum Corp (NYSE:MPC) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,831 shares of the oil and gas company’s stock after selling 73,817 shares during the quarter. Guggenheim Capital LLC’s holdings in Marathon Petroleum were worth $68,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Third Point LLC purchased a new stake in Marathon Petroleum in the third quarter worth approximately $154,220,000. Renaissance Technologies LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth approximately $131,947,000. Prudential Financial Inc. boosted its stake in Marathon Petroleum by 61.6% in the third quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock worth $223,630,000 after buying an additional 1,520,471 shares in the last quarter. Deutsche Bank AG boosted its stake in Marathon Petroleum by 28.1% in the fourth quarter. Deutsche Bank AG now owns 4,208,375 shares of the oil and gas company’s stock worth $277,664,000 after buying an additional 923,646 shares in the last quarter. Finally, Vaughan David Investments Inc. IL lifted its position in Marathon Petroleum by 12,827.2% in the third quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock valued at $9,405,000 after purchasing an additional 602,879 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

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Marathon Petroleum Corp (MPC) opened at $69.27 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.28. The company has a market capitalization of $33,428.91, a P/E ratio of 17.96, a P/E/G ratio of 1.01 and a beta of 1.49. Marathon Petroleum Corp has a twelve month low of $47.78 and a twelve month high of $73.53.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $21.24 billion during the quarter, compared to the consensus estimate of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. research analysts expect that Marathon Petroleum Corp will post 4.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, February 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s dividend payout ratio is currently 26.59%.

Several brokerages have weighed in on MPC. Scotiabank reiterated a “hold” rating and issued a $75.00 price objective on shares of Marathon Petroleum in a research report on Wednesday, January 10th. Cowen reiterated an “outperform” rating and issued a $90.00 price objective (up previously from $76.00) on shares of Marathon Petroleum in a research report on Thursday, February 1st. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. UBS Group downgraded Marathon Petroleum from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $65.00 in a research report on Sunday, November 26th. Finally, Citigroup reiterated a “buy” rating and issued a $79.00 price objective on shares of Marathon Petroleum in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Marathon Petroleum has a consensus rating of “Buy” and an average target price of $78.08.

In other Marathon Petroleum news, Director Charles E. Bunch bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the acquisition, the director now directly owns 12,853 shares in the company, valued at $866,035.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total value of $2,305,359.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

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Marathon Petroleum Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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