Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,846 shares of the oil and gas company’s stock after acquiring an additional 355 shares during the period. Alpha DNA Investment Management LLC’s holdings in Marathon Petroleum were worth $464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPC. Gladius Capital Management LP acquired a new position in shares of Marathon Petroleum in the 3rd quarter worth approximately $26,000. MeadowBrook Investment Advisors LLC boosted its holdings in Marathon Petroleum by 88.9% during the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after buying an additional 80 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Marathon Petroleum in the third quarter worth approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of Marathon Petroleum in the third quarter valued at $33,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $35,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

MPC opened at $158.48 on Monday. The stock has a fifty day moving average price of $158.78 and a 200 day moving average price of $167.46. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.75 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.97 by $0.90. The business had revenue of $35.37 billion during the quarter, compared to analysts’ expectations of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.14 EPS. Analysts forecast that Marathon Petroleum Co. will post 9.59 EPS for the current fiscal year.

Marathon Petroleum declared that its board has approved a stock buyback program on Tuesday, November 5th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s dividend payout ratio (DPR) is currently 28.84%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MPC. Wells Fargo & Company decreased their target price on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Bank of America initiated coverage on Marathon Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Mizuho cut their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Finally, Citigroup decreased their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.07.

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.