KCM Investment Advisors LLC Has $310,000 Stake in Marathon Petroleum Corporation (MPC), Report finds

KCM Investment Advisors LLC Has $310,000 Stake in Marathon Petroleum Corporation (MPC), Report finds

KCM Investment Advisors LLC held its position in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, Holdings Channel reports. The fund owned 7,644 shares of the company’s stock at the end of the third quarter. KCM Investment Advisors LLC’s holdings in Marathon Petroleum Corporation were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. Morgan Stanley increased its position in shares of Marathon Petroleum Corporation by 270.2% in the third quarter. Morgan Stanley now owns 11,984,895 shares of the company’s stock worth $486,467,000 after buying an additional 8,747,283 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Marathon Petroleum Corporation by 23.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 24,511,104 shares of the company’s stock worth $930,442,000 after buying an additional 4,606,506 shares during the period. Wells Fargo & Company MN increased its position in shares of Marathon Petroleum Corporation by 101.1% in the third quarter. Wells Fargo & Company MN now owns 3,765,418 shares of the company’s stock worth $152,837,000 after buying an additional 1,893,062 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Marathon Petroleum Corporation by 9.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,250,746 shares of the company’s stock worth $659,618,000 after buying an additional 1,456,438 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Marathon Petroleum Corporation by 195.0% in the third quarter. Schroder Investment Management Group now owns 1,442,773 shares of the company’s stock worth $58,562,000 after buying an additional 953,650 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded up 2.48% during trading on Wednesday, hitting $49.12. The stock had a trading volume of 4,461,304 shares. Marathon Petroleum Corporation has a 12-month low of $29.25 and a 12-month high of $54.59. The stock has a market capitalization of $25.94 billion, a P/E ratio of 22.23 and a beta of 1.74. The stock’s 50-day moving average is $49.43 and its 200-day moving average is $44.76.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings results on Wednesday, February 1st. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. Marathon Petroleum Corporation had a return on equity of 5.74% and a net margin of 1.85%. The business earned $17.28 billion during the quarter, compared to analysts’ expectations of $14.54 billion. During the same quarter last year, the company posted $0.79 earnings per share. Marathon Petroleum Corporation’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post $3.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 16th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, February 14th. Marathon Petroleum Corporation’s payout ratio is currently 65.16%.

A number of brokerages have commented on MPC. Scotiabank restated a “hold” rating and issued a $55.00 target price on shares of Marathon Petroleum Corporation in a research note on Monday. Credit Suisse Group restated a “buy” rating and issued a $63.00 target price on shares of Marathon Petroleum Corporation in a research note on Sunday. Barclays PLC lowered their target price on Marathon Petroleum Corporation from $68.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. Jefferies Group LLC lowered their target price on Marathon Petroleum Corporation from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. Finally, J P Morgan Chase & Co upgraded Marathon Petroleum Corporation from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $57.00 in a research note on Wednesday, December 7th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has an average rating of “Buy” and an average target price of $56.18.

About Marathon Petroleum Corporation

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’s segments include Refining & Marketing, Speedway, and Midstream. Its 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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC).

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KCM Investment Advisors LLC Has $310,000 Stake in Marathon Petroleum Corporation (MPC)

KCM Investment Advisors LLC Has $310,000 Stake in Marathon Petroleum Corporation (MPC)

KCM Investment Advisors LLC held its position in Marathon Petroleum Corporation (NYSE:MPC) during the third quarter, Holdings Channel reports. The fund owned 7,644 shares of the company’s stock at the end of the third quarter. KCM Investment Advisors LLC’s holdings in Marathon Petroleum Corporation were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPC. Morgan Stanley increased its position in shares of Marathon Petroleum Corporation by 270.2% in the third quarter. Morgan Stanley now owns 11,984,895 shares of the company’s stock worth $486,467,000 after buying an additional 8,747,283 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Marathon Petroleum Corporation by 23.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 24,511,104 shares of the company’s stock worth $930,442,000 after buying an additional 4,606,506 shares during the period. Wells Fargo & Company MN increased its position in shares of Marathon Petroleum Corporation by 101.1% in the third quarter. Wells Fargo & Company MN now owns 3,765,418 shares of the company’s stock worth $152,837,000 after buying an additional 1,893,062 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Marathon Petroleum Corporation by 9.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,250,746 shares of the company’s stock worth $659,618,000 after buying an additional 1,456,438 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Marathon Petroleum Corporation by 195.0% in the third quarter. Schroder Investment Management Group now owns 1,442,773 shares of the company’s stock worth $58,562,000 after buying an additional 953,650 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded up 2.48% during trading on Wednesday, hitting $49.12. The stock had a trading volume of 4,461,304 shares. Marathon Petroleum Corporation has a 12-month low of $29.25 and a 12-month high of $54.59. The stock has a market capitalization of $25.94 billion, a P/E ratio of 22.23 and a beta of 1.74. The stock’s 50-day moving average is $49.43 and its 200-day moving average is $44.76.

Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings results on Wednesday, February 1st. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. Marathon Petroleum Corporation had a return on equity of 5.74% and a net margin of 1.85%. The business earned $17.28 billion during the quarter, compared to analysts’ expectations of $14.54 billion. During the same quarter last year, the company posted $0.79 earnings per share. Marathon Petroleum Corporation’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that Marathon Petroleum Corporation will post $3.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 16th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, February 14th. Marathon Petroleum Corporation’s payout ratio is currently 65.16%.

A number of brokerages have commented on MPC. Scotiabank restated a “hold” rating and issued a $55.00 target price on shares of Marathon Petroleum Corporation in a research note on Monday. Credit Suisse Group restated a “buy” rating and issued a $63.00 target price on shares of Marathon Petroleum Corporation in a research note on Sunday. Barclays PLC lowered their target price on Marathon Petroleum Corporation from $68.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, February 2nd. Jefferies Group LLC lowered their target price on Marathon Petroleum Corporation from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. Finally, J P Morgan Chase & Co upgraded Marathon Petroleum Corporation from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $57.00 in a research note on Wednesday, December 7th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has an average rating of “Buy” and an average target price of $56.18.

About Marathon Petroleum Corporation

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’s segments include Refining & Marketing, Speedway, and Midstream. Its 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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC).

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