Mutual of America Capital Management LLC Grows Stake in Marathon Petroleum Co. (NYSE:MPC)

Mutual of America Capital Management LLC grew its position in Marathon Petroleum Co. (NYSE:MPC) by 12.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,420 shares of the oil and gas company’s stock after purchasing an additional 6,172 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Marathon Petroleum were worth $9,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MPC. Gryphon Financial Partners LLC grew its holdings in Marathon Petroleum by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock worth $627,000 after purchasing an additional 1,895 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of Marathon Petroleum by 7.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,642 shares of the oil and gas company’s stock worth $244,000 after buying an additional 109 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Marathon Petroleum by 2.2% during the fourth quarter. D.A. Davidson & CO. now owns 27,370 shares of the oil and gas company’s stock worth $4,061,000 after buying an additional 589 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Marathon Petroleum by 124.7% during the fourth quarter. Corient Private Wealth LLC now owns 324,989 shares of the oil and gas company’s stock worth $48,215,000 after buying an additional 180,354 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in shares of Marathon Petroleum by 17.9% during the fourth quarter. CreativeOne Wealth LLC now owns 2,826 shares of the oil and gas company’s stock worth $419,000 after buying an additional 430 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MPC. TD Cowen lifted their price objective on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Barclays lowered their price objective on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Raymond James decreased their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Finally, Jefferies Financial Group boosted their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $199.46.

Marathon Petroleum Trading Up 0.5 %

Shares of Marathon Petroleum stock opened at $164.67 on Thursday. The firm has a 50-day simple moving average of $169.97 and a two-hundred day simple moving average of $179.93. The company has a market cap of $58.02 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a fifty-two week low of $139.32 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.32 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.00%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

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.