Fisher Asset Management LLC Has $2.48 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Fisher Asset Management LLC grew its position in Marathon Petroleum Co. (NYSE:MPC) by 11.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,742 shares of the oil and gas company’s stock after buying an additional 1,877 shares during the period. Fisher Asset Management LLC’s holdings in Marathon Petroleum were worth $2,475,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock valued at $911,274,000 after acquiring an additional 4,328,470 shares during the period. ING Groep NV bought a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $114,107,000. Pacer Advisors Inc. grew its position in shares of Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company’s stock valued at $495,595,000 after purchasing an additional 647,045 shares during the period. National Bank of Canada FI raised its holdings in Marathon Petroleum by 212.9% during the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company’s stock worth $137,945,000 after buying an additional 576,119 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Marathon Petroleum by 1,204.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock valued at $75,757,000 after buying an additional 501,441 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the subject of several research reports. Raymond James increased their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen restated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.27.

Marathon Petroleum Stock Performance

NYSE MPC opened at $135.18 on Thursday. The firm has a market capitalization of $43.44 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 3.11 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $148.53 and its two-hundred day moving average price is $154.81. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.