Grantham Mayo Van Otterloo & Co. LLC Acquires Shares of 6,766 Marathon Petroleum Corporation $MPC

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,766 shares of the oil and gas company’s stock, valued at approximately $1,124,000.

A number of other hedge funds also recently bought and sold shares of MPC. Activest Wealth Management lifted its holdings in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after buying an additional 119 shares during the period. WPG Advisers LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $32,000. NewSquare Capital LLC lifted its stake in Marathon Petroleum by 103.1% in the second 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 during the period. Stone House Investment Management LLC boosted its holdings in Marathon Petroleum by 46.1% in the second 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 in the last quarter. Finally, Operose Advisors LLC purchased a new position in Marathon Petroleum during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the subject of several research analyst reports. Barclays lifted their target price on shares of Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Wall Street Zen upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Morgan Stanley increased their target price on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Finally, Evercore ISI lifted their price target on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $203.21.

Marathon Petroleum Trading Up 1.2%

Marathon Petroleum stock opened at $195.96 on Tuesday. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a market capitalization of $58.90 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72. The business’s fifty day simple moving average is $191.84 and its two-hundred day simple moving average is $177.77. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results 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 firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $1.00 dividend. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s payout ratio is currently 42.64%.

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.