Generali Investments CEE investicni spolecnost a.s. Takes Position in Marathon Petroleum Co. (NYSE:MPC)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,694 shares of the oil and gas company’s stock, valued at approximately $2,468,000.

Other institutional investors have also recently made changes to their positions in the company. SWS Partners increased its stake in shares of Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after buying an additional 2,806 shares during the period. Assenagon Asset Management S.A. grew its stake in Marathon Petroleum by 1,204.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock valued at $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Marathon Petroleum by 27.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 43,174 shares of the oil and gas company’s stock valued at $7,033,000 after purchasing an additional 9,355 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Marathon Petroleum by 747.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock valued at $3,466,000 after purchasing an additional 18,764 shares during the last quarter. Finally, Holistic Planning LLC purchased a new position in Marathon Petroleum in the third quarter valued at about $912,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Raymond James lifted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Piper Sandler lowered their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a report on Friday. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen reissued a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy 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 target price of $182.00.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $137.65 on Friday. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The business’s fifty day simple moving average is $148.61 and its 200-day simple moving average is $154.40. The firm has a market cap of $43.03 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

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

Marathon Petroleum Dividend Announcement

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

Insider Buying and Selling

In related news, Director Evan Bayh purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

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.