Marathon Petroleum Corporation (NYSE:MPC) is expected to pay $0.36 on Dec 12, 2016. The indicated annual dividend is $1.44. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Marathon Petroleum Corporation’s current price of $43.96, the dividend is 0.82%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.37% or $0.16 on November 11, hitting $43.96. About 6.50M shares traded hands or 9.43% up from the average. Marathon Petroleum Corp (NYSE:MPC) has risen 12.75% since April 12, 2016 and is uptrending. It has outperformed by 7.76% the S&P500.
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The company has a market cap of $23.28 billion. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. It has a 20.65 P/E ratio. The Company’s Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.04, from 0.89 in 2016Q1. The ratio fall, as 79 funds sold all Marathon Petroleum Corp shares owned while 263 reduced positions. 62 funds bought stakes while 228 increased positions. They now own 416.18 million shares or 3.84% more from 400.79 million shares in 2016Q1.
Raymond James Fincl Services Advsrs Incorporated owns 430,474 shares or 0.16% of their US portfolio. Randolph Com holds 413,915 shares or 4.04% of its portfolio. The Pennsylvania-based Rodgers Brothers has invested 0.3% in Marathon Petroleum Corp (NYSE:MPC). Fdx Advisors Inc has invested 0.04% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Aberdeen Asset Mngmt Public Ltd Llc Uk owns 685,333 shares or 0.1% of their US portfolio. Northern Capital Mgmt accumulated 0.28% or 16,511 shares. The Florida-based Texas Yale Cap has invested 0.14% in Marathon Petroleum Corp (NYSE:MPC). Foster & Motley last reported 0.64% of its portfolio in the stock. First Wilshire Securities Mngmt Inc last reported 8,750 shares in the company. Wealth Enhancement Advisory Serv Ltd Liability Co has 0.23% invested in the company for 33,430 shares. Employees Retirement Sys Of Texas holds 0.06% or 120,300 shares in its portfolio. Baker Ellis Asset Management Ltd Llc owns 13,348 shares or 0.16% of their US portfolio. Natl Pension Serv holds 0.13% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 396,799 shares. Kcm Invest Ltd Liability has 7,644 shares for 0.02% of their US portfolio. Lsv Asset holds 0.76% or 9.84M shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 1 insider buy, and 0 sales for $52,050 net activity. $52,050 worth of Marathon Petroleum Corp (NYSE:MPC) was bought by DAVIS STEVEN A on Thursday, May 26.
Marathon Petroleum Corp (NYSE:MPC) Ratings Coverage
Out of 14 analysts covering Marathon Petroleum Corp (NYSE:MPC), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. $75 is the highest target while $38 is the lowest. The $54.33 average target is 23.59% above today’s ($43.96) stock price. Marathon Petroleum Corp has been the topic of 37 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Strong-Buy” rating on Tuesday, August 11 by Vetr. The firm has “Buy” rating by Deutsche Bank given on Friday, December 4. On Wednesday, August 26 the stock rating was upgraded by JP Morgan to “Overweight”. The stock has “Top Pick” rating given by RBC Capital Markets on Friday, April 29. The stock has “Strong Buy” rating given by Raymond James on Monday, October 31. Howard Weil maintained the shares of MPC in a report on Thursday, February 4 with “Sector Outperform” rating. The firm earned “Neutral” rating on Monday, August 22 by Piper Jaffray. On Tuesday, August 23 the stock rating was initiated by Jefferies with “Buy”. The firm earned “Outperform” rating on Wednesday, November 25 by Oppenheimer. The stock of Marathon Petroleum Corp (NYSE:MPC) earned “Overweight” rating by Barclays Capital on Friday, December 4.
More news for Marathon Petroleum Corp (NYSE:MPC) were recently published by: Nasdaq.com, which released: “Marathon Petroleum Corporation (MPC) Ex-Dividend Date Scheduled for November …” on November 11, 2016. Prnewswire.com‘s article titled: “Jana Partners LLC Releases Statement Supporting Marathon Petroleum Plan To …” and published on October 27, 2016 is yet another important article.
MPC Company Profile
Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s divisions include Refining & Marketing, Speedway, and Midstream. Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products, through various means, including barges, terminals and trucks that it owns or operates. It sells refined products to wholesale marketing clients domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.
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