Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Marathon Petroleum Corporation $MPC

Vanguard Personalized Indexing Management LLC boosted its position in Marathon Petroleum Corporation (NYSE:MPC) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,953 shares of the oil and gas company’s stock after buying an additional 3,281 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Marathon Petroleum were worth $13,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp increased its holdings in Marathon Petroleum by 2.1% in the 3rd quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after acquiring an additional 52 shares during the last quarter. CoreCap Advisors LLC boosted its position in Marathon Petroleum by 2.6% during the third quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 59 shares during the period. FSM Wealth Advisors LLC increased its stake in shares of Marathon Petroleum by 1.6% in the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after purchasing an additional 63 shares in the last quarter. Warwick Investment Management Inc. raised its position in shares of Marathon Petroleum by 4.6% in the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 63 shares during the period. Finally, Werba Rubin Papier Wealth Management lifted its stake in shares of Marathon Petroleum by 4.2% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock valued at $262,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MPC. Barclays dropped their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company decreased their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Thursday. Piper Sandler cut their price target on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus price target of $196.67.

Marathon Petroleum Trading Down 0.2%

NYSE MPC opened at $175.39 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The stock’s 50-day simple moving average is $179.65 and its two-hundred day simple moving average is $180.71. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.29. The company 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 announced 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 for the quarter, compared to analysts’ expectations of $31.06 billion. Research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

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

Marathon Petroleum Company Profile

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.