Fractal Investments LLC Raises Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Fractal Investments LLC lifted its position in Marathon Petroleum Co. (NYSE:MPC) by 57.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the oil and gas company’s stock after buying an additional 2,200 shares during the period. Marathon Petroleum makes up about 0.2% of Fractal Investments LLC’s investment portfolio, making the stock its 24th biggest position. Fractal Investments LLC’s holdings in Marathon Petroleum were worth $890,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MPC. Summit Global Investments purchased a new stake in shares of Marathon Petroleum in the 3rd quarter worth $272,000. Flagship Harbor Advisors LLC increased its stake in shares of Marathon Petroleum by 7.5% in the third quarter. Flagship Harbor Advisors LLC now owns 4,361 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 303 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Marathon Petroleum by 0.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 32,409 shares of the oil and gas company’s stock valued at $4,920,000 after buying an additional 259 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Marathon Petroleum by 14.7% in the 3rd quarter. Avior Wealth Management LLC now owns 803 shares of the oil and gas company’s stock worth $122,000 after buying an additional 103 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its holdings in Marathon Petroleum by 7.2% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 71 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.3 %

Shares of MPC stock traded down $0.53 on Wednesday, reaching $199.12. 1,472,880 shares of the company’s stock were exchanged, compared to its average volume of 2,785,725. The company’s fifty day simple moving average is $191.26 and its 200 day simple moving average is $166.23. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $71.75 billion, a PE ratio of 8.46, a P/E/G ratio of 1.70 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $6.65 earnings per share. As a group, analysts forecast that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Announces Dividend

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 paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.66%. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MPC. JPMorgan Chase & Co. boosted their price target on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Citigroup started coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating for the company. TD Cowen boosted their target price on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company raised their price target on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Piper Sandler lifted their price objective on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Marathon Petroleum Company 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.