Vinva Investment Management Ltd Purchases 3,729 Shares of Marathon Petroleum Co. (NYSE:MPC)

Vinva Investment Management Ltd boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,937 shares of the oil and gas company’s stock after buying an additional 3,729 shares during the quarter. Vinva Investment Management Ltd’s holdings in Marathon Petroleum were worth $3,222,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Marino Stram & Associates LLC lifted its stake in shares of Marathon Petroleum by 0.5% in the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after acquiring an additional 60 shares during the period. SteelPeak Wealth LLC lifted its position in shares of Marathon Petroleum by 0.3% in the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after purchasing an additional 67 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of Marathon Petroleum by 4.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 67 shares during the last quarter. Mission Wealth Management LP increased its position in shares of Marathon Petroleum by 0.8% during the fourth quarter. Mission Wealth Management LP now owns 8,756 shares of the oil and gas company’s stock worth $1,299,000 after buying an additional 67 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its stake in Marathon Petroleum by 1.9% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 4,102 shares of the oil and gas company’s stock worth $609,000 after buying an additional 75 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Tudor Pickering raised shares of Marathon Petroleum to a “strong-buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Barclays cut their price target on Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Finally, Raymond James dropped their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 30th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.92.

Check Out Our Latest Report on Marathon Petroleum

Marathon Petroleum Stock Performance

NYSE MPC traded down $0.63 on Friday, hitting $175.10. 1,908,971 shares of the stock traded hands, compared to its average volume of 2,436,207. The firm has a market capitalization of $61.69 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.52 and a beta of 1.45. The business’s fifty day moving average is $189.53 and its two-hundred day moving average is $172.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum Co. has a 12 month low of $108.88 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. The business had revenue of $32.71 billion for the quarter, compared to analysts’ expectations of $32.07 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $6.09 EPS. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 19.3 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s payout ratio is currently 16.48%.

Marathon Petroleum declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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