Vanguard Personalized Indexing Management LLC Buys 14,972 Shares of Marathon Petroleum Corporation $MPC

Vanguard Personalized Indexing Management LLC lifted its stake in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 29.5% in the second quarter, Holdings Channel.com reports. The fund owned 65,672 shares of the oil and gas company’s stock after purchasing an additional 14,972 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Marathon Petroleum were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in MPC. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 201 shares during the period. Hughes Financial Services LLC bought a new position in shares of Marathon Petroleum in the first quarter worth $32,000. WPG Advisers LLC bought a new position in shares of Marathon Petroleum in the first quarter worth $32,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum in the first quarter worth $35,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Down 3.5%

MPC opened at $181.08 on Monday. The company has a market cap of $55.05 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.04 and a beta of 0.90. The business’s 50-day moving average price is $178.73 and its 200-day moving average price is $163.71. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $201.61.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. The company had revenue of $34.10 billion for the quarter, compared to analysts’ expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.Marathon Petroleum’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $4.12 earnings per share. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 54.01%.

Analysts Set New Price Targets

MPC has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Morgan Stanley increased their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Wells Fargo & Company increased their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Barclays increased their price objective on Marathon Petroleum from $159.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Wolfe Research downgraded Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.92.

Get Our Latest Analysis on MPC

Insider Activity

In related news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

Marathon Petroleum Company Profile

(Free Report)

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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Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPCFree Report).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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