Machina Capital S.A.S. Makes New $211,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Machina Capital S.A.S. bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,512 shares of the oil and gas company’s stock, valued at approximately $211,000.

Several other hedge funds have also recently bought and sold shares of the business. Aviance Capital Partners LLC increased its position in Marathon Petroleum by 19.5% during the fourth quarter. Aviance Capital Partners LLC now owns 2,834 shares of the oil and gas company’s stock worth $395,000 after buying an additional 463 shares during the last quarter. Edgestream Partners L.P. increased its position in Marathon Petroleum by 28.3% during the fourth quarter. Edgestream Partners L.P. now owns 21,162 shares of the oil and gas company’s stock worth $2,952,000 after buying an additional 4,665 shares during the last quarter. Callan Family Office LLC acquired a new position in Marathon Petroleum during the fourth quarter worth $374,000. Welch & Forbes LLC grew its position in shares of Marathon Petroleum by 3.6% in the fourth quarter. Welch & Forbes LLC now owns 12,278 shares of the oil and gas company’s stock valued at $1,713,000 after purchasing an additional 430 shares during the last quarter. Finally, Candriam S.C.A. grew its position in shares of Marathon Petroleum by 5.1% in the fourth quarter. Candriam S.C.A. now owns 27,677 shares of the oil and gas company’s stock valued at $3,861,000 after purchasing an additional 1,335 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MPC. Barclays lowered their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Raymond James raised their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Piper Sandler lowered their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company raised their price target on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $182.00.

Marathon Petroleum Stock Up 0.1 %

NYSE MPC opened at $137.65 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $148.61 and its two-hundred day moving average is $154.16. The company has a market capitalization of $43.03 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.98 earnings per share. Equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

About Marathon Petroleum

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.