Vanguard Personalized Indexing Management LLC Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Vanguard Personalized Indexing Management LLC boosted its stake in Marathon Petroleum Co. (NYSE:MPC) by 10.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,380 shares of the oil and gas company’s stock after purchasing an additional 4,424 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Marathon Petroleum were worth $7,834,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MPC. FinTrust Capital Advisors LLC increased its position 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 worth $25,000 after buying an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Marathon Petroleum in the 1st quarter worth approximately $29,000. ICA Group Wealth Management LLC bought a new stake in Marathon Petroleum during the 4th quarter worth approximately $30,000. Vima LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at approximately $30,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Marathon Petroleum in the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Jefferies Financial Group lifted their target price on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Scotiabank dropped their price target on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Tudor Pickering cut shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $164.67 on Thursday. The firm has a fifty day simple moving average of $169.97 and a two-hundred day simple moving average of $179.93. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $58.02 billion, a P/E ratio of 8.23, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a 52 week low of $139.32 and a 52 week high of $221.11.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.32 earnings per share. On average, analysts expect that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

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.