Vanguard Personalized Indexing Management LLC Buys 3,281 Shares of Marathon Petroleum Corporation $MPC

Vanguard Personalized Indexing Management LLC raised its stake in Marathon Petroleum Corporation (NYSE:MPC) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,953 shares of the oil and gas company’s stock after purchasing an additional 3,281 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Marathon Petroleum were worth $13,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPC. Vanguard Group Inc. raised its holdings in Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after buying an additional 3,924,713 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after acquiring an additional 1,033,645 shares during the period. Boston Partners boosted its holdings in shares of Marathon Petroleum by 13.1% during the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after purchasing an additional 715,223 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Marathon Petroleum by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 5,619,398 shares of the oil and gas company’s stock worth $933,438,000 after purchasing an additional 637,050 shares during the period. Finally, Norges Bank purchased a new position in Marathon Petroleum during the 2nd quarter valued at about $527,197,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock opened at $175.39 on Monday. 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 firm has a 50 day moving average price of $179.65 and a 200-day moving average price of $180.71. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $202.29. The firm has a market capitalization of $52.72 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.76 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) 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 analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The company had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s payout ratio is presently 42.64%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets decreased their price objective on shares of Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Hold” and a consensus target price of $196.67.

About Marathon Petroleum

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.