Marathon Petroleum Corporation $MPC Shares Sold by Natixis

Natixis reduced its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 69.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,586 shares of the oil and gas company’s stock after selling 23,765 shares during the quarter. Natixis’ holdings in Marathon Petroleum were worth $1,758,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management grew its stake in Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. WPG Advisers LLC bought a new position in Marathon Petroleum during the 1st quarter worth approximately $32,000. NewSquare Capital LLC grew its position in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Stone House Investment Management LLC increased its holdings in shares of Marathon Petroleum by 46.1% in the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 71 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 2.2%

Shares of MPC stock opened at $187.07 on Friday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The business’s fifty day moving average is $191.21 and its 200-day moving average is $179.18. The stock has a market cap of $56.23 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.01. The company had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 19th. Marathon Petroleum’s payout ratio is 42.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Raymond James Financial raised their target price on Marathon Petroleum from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Finally, Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.21.

Check Out Our Latest Stock Analysis on MPC

Marathon Petroleum Profile

(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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