Marathon Petroleum Corporation $MPC Stock Holdings Lifted by Stevens Capital Management LP

Stevens Capital Management LP increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 232.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,081 shares of the oil and gas company’s stock after purchasing an additional 4,253 shares during the period. Stevens Capital Management LP’s holdings in Marathon Petroleum were worth $1,172,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC grew its holdings in shares of Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the second quarter worth $33,000. Transce3nd LLC increased its stake in shares of Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares during the last quarter. Finally, Stone House Investment Management LLC raised its holdings in shares of Marathon Petroleum by 46.1% during the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 71 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on MPC. JPMorgan Chase & Co. reduced their target price on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Barclays cut their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. BMO Capital Markets upped their price objective on shares of Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Piper Sandler reduced their price target on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Stock Up 0.2%

MPC stock opened at $196.77 on Friday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $210.32. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $59.15 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The business’s 50-day simple moving average is $179.89 and its 200 day simple moving average is $183.15.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The firm had revenue of $35.10 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.