Vise Technologies Inc. Buys 2,605 Shares of Marathon Petroleum Co. (NYSE:MPC)
Vise Technologies Inc. grew its stake in Marathon Petroleum Co. (NYSE:MPC — Free Report) by 48.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,008 shares of the oil and gas company’s stock after purchasing an additional 2,605 shares during the period. Vise Technologies Inc.’s holdings in Marathon Petroleum were worth $1,117,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MPC. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum during the fourth quarter worth $27,000. Asset Planning Inc bought a new stake in shares of Marathon Petroleum in the 4th quarter worth about $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter worth about $31,000. Cape Investment Advisory Inc. grew its holdings in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Marathon Petroleum in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Marathon Petroleum Stock Performance
Shares of MPC stock opened at $159.18 on Friday. The company’s 50 day moving average is $141.58 and its 200 day moving average is $145.99. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31.
Marathon Petroleum (NYSE:MPC — Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the company posted $2.58 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.
Marathon Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio is currently 51.20%.
Insider Buying and Selling
In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MPC. Scotiabank cut their target price on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Wall Street Zen raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays lifted their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Mizuho upped their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Finally, TD Cowen lifted their price objective on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.29.
Check Out Our Latest Stock Report on Marathon Petroleum
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.
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