Marathon Petroleum Corporation $MPC Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC lowered its stake in Marathon Petroleum Corporation (NYSE:MPC) by 31.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,008 shares of the oil and gas company’s stock after selling 929 shares during the period. Generali Investments Management Co LLC’s holdings in Marathon Petroleum were worth $333,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Western Wealth Management LLC raised its stake in Marathon Petroleum by 24.5% during the second quarter. Western Wealth Management LLC now owns 2,731 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 538 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $130,000. Rockefeller Capital Management L.P. raised its position in shares of Marathon Petroleum by 3.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 243,357 shares of the oil and gas company’s stock valued at $40,424,000 after acquiring an additional 7,963 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Marathon Petroleum by 250.9% during the second quarter. Citizens Financial Group Inc. RI now owns 69,225 shares of the oil and gas company’s stock worth $11,499,000 after purchasing an additional 49,495 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Marathon Petroleum by 5.6% in the second quarter. Westwood Holdings Group Inc. now owns 4,229 shares of the oil and gas company’s stock worth $702,000 after purchasing an additional 225 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $199.91 on Friday. The stock has a market cap of $60.09 billion, a P/E ratio of 21.31, a P/E/G ratio of 3.88 and a beta of 0.90. The firm’s 50-day simple moving average is $189.65 and its 200 day simple moving average is $174.27. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.30. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

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

Marathon Petroleum Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is presently 38.81%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Dbs Bank upgraded shares of Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. TD Cowen lowered their target price on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, Wells Fargo & Company cut their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Marathon Petroleum has an average rating of “Hold” and an average price target of $201.57.

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.