324 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 324 shares of the oil and gas company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Union Bankshares Corp grew its position in Marathon Petroleum by 1.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 28,906 shares of the oil and gas company’s stock worth $4,032,000 after acquiring an additional 429 shares during the last quarter. Amundi grew its position in shares of Marathon Petroleum by 18.0% in the 4th quarter. Amundi now owns 2,807,566 shares of the oil and gas company’s stock valued at $398,388,000 after buying an additional 428,708 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Marathon Petroleum by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,291 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 84 shares during the last quarter. Lifeworks Advisors LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $315,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $2,468,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reduced their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays reduced their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Raymond James boosted their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company boosted their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Transactions at Marathon Petroleum

In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Down 1.0 %

MPC stock opened at $136.22 on Tuesday. The stock’s 50 day simple moving average is $148.62 and its 200 day simple moving average is $153.91. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a market cap of $42.58 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last posted 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. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the prior year, the business earned $3.98 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

About Marathon Petroleum

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.