Marathon Petroleum Corporation $MPC Stock Position Decreased by Generali Investments Management Co LLC

Generali Investments Management Co LLC trimmed its stake in Marathon Petroleum Corporation (NYSE:MPC) by 31.6% during the second quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Marathon Petroleum by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company’s stock worth $5,090,611,000 after buying an additional 3,834,501 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Marathon Petroleum by 18.7% in the first quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after buying an additional 1,862,674 shares during the period. Geode Capital Management LLC increased its position in shares of Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after acquiring an additional 1,033,645 shares in the last quarter. Boston Partners raised its holdings in shares of Marathon Petroleum by 13.0% during the second quarter. Boston Partners now owns 6,155,996 shares of the oil and gas company’s stock valued at $1,023,110,000 after acquiring an additional 707,482 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Marathon Petroleum by 6.3% in the 1st quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company’s stock valued at $879,608,000 after acquiring an additional 355,215 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 2.7%

Shares of NYSE MPC opened at $199.91 on Friday. The business has a 50 day simple moving average of $189.65 and a 200 day simple moving average of $174.27. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.30. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 3.88 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last posted 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. The firm had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $1.00 dividend. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is currently 38.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price objective on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. 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 note on Friday, October 3rd. UBS Group raised their price objective on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Hold” and an average price target of $201.57.

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.