Sienna Gestion Increases Position in Marathon Petroleum Co. (NYSE:MPC)

Sienna Gestion boosted its position in Marathon Petroleum Co. (NYSE:MPC) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,961 shares of the oil and gas company’s stock after acquiring an additional 305 shares during the period. Sienna Gestion’s holdings in Marathon Petroleum were worth $5,369,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FinTrust Capital Advisors LLC increased its stake in Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter valued at about $29,000. ICA Group Wealth Management LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $30,000. Vima LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $30,000. Finally, TruNorth Capital Management LLC purchased a new stake in Marathon Petroleum in the second quarter valued at approximately $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler cut their price target on shares of Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Morgan Stanley cut their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their price target on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Wolfe Research initiated coverage on Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and a consensus target price of $199.46.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $164.67 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company’s fifty day moving average price is $169.97 and its two-hundred day moving average price is $179.93. The firm has a market capitalization of $58.02 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a 12 month low of $139.32 and a 12 month high of $221.11.

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

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend 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%.

Marathon Petroleum 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.