Marathon Petroleum Co. (NYSE:MPC) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 20.5% during the 4th quarter, HoldingsChannel reports. The firm owned 21,937 shares of the oil and gas company’s stock after purchasing 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.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Marathon Petroleum during the 4th quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $32,000. Bare Financial Services Inc acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $32,000. Manchester Capital Management LLC raised its position in Marathon Petroleum by 97.2% in the fourth quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 106 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MPC shares. StockNews.com cut shares of Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Tudor Pickering upgraded Marathon Petroleum to a “strong-buy” rating in a research report on Thursday, May 30th. Barclays dropped their target price on Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Raymond James reduced their price target 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.92.

View Our Latest Research Report on Marathon Petroleum

Marathon Petroleum Stock Down 0.4 %

NYSE:MPC traded down $0.63 during midday trading on Friday, hitting $175.10. 1,908,971 shares of the company were exchanged, compared to its average volume of 2,436,207. The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a fifty-two week low of $108.88 and a fifty-two week high of $221.11. The company has a market capitalization of $61.69 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.45. The company has a fifty day simple moving average of $189.53 and a 200 day simple moving average of $172.93.

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

Marathon Petroleum announced that its Board of Directors has approved a share repurchase plan on Tuesday, April 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.88%. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

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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