Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,485,925 shares of the oil and gas company’s stock after buying an additional 67,913 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Marathon Petroleum were worth $346,787,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MPC. Farther Finance Advisors LLC lifted its holdings in shares of Marathon Petroleum by 42.9% during the third quarter. Farther Finance Advisors LLC now owns 3,459 shares of the oil and gas company’s stock valued at $564,000 after purchasing an additional 1,038 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Marathon Petroleum during the third quarter valued at about $30,000. Van ECK Associates Corp boosted its holdings in shares of Marathon Petroleum by 237.1% in the third quarter. Van ECK Associates Corp now owns 69,402 shares of the oil and gas company’s stock worth $10,671,000 after buying an additional 48,814 shares during the period. Intact Investment Management Inc. purchased a new position in shares of Marathon Petroleum in the third quarter worth approximately $68,000. Finally, Hixon Zuercher LLC raised its holdings in shares of Marathon Petroleum by 6.9% during the third quarter. Hixon Zuercher LLC now owns 4,066 shares of the oil and gas company’s stock valued at $662,000 after acquiring an additional 264 shares during the period. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 5.2 %

MPC stock opened at $135.18 on Thursday. The firm has a market cap of $43.44 billion, a PE ratio of 13.61, a PEG ratio of 3.11 and a beta of 1.41. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a fifty day simple moving average of $148.53 and a 200 day simple moving average of $154.81. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.98 earnings per share. Sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.69%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Analyst Ratings Changes

A number of research firms recently commented on MPC. Barclays decreased their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Mizuho lowered their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Raymond James upped their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. TD Cowen restated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.27.

Marathon Petroleum 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.