West Family Investments Inc. Buys Shares of 2,590 Marathon Petroleum Corporation $MPC

West Family Investments Inc. bought a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,590 shares of the oil and gas company’s stock, valued at approximately $430,000.

Other large investors have also recently bought and sold shares of the company. F m Investments LLC boosted its position in Marathon Petroleum by 45.8% during the 2nd quarter. F m Investments LLC now owns 35,452 shares of the oil and gas company’s stock worth $5,889,000 after acquiring an additional 11,133 shares during the period. Norges Bank purchased a new stake in shares of Marathon Petroleum in the second quarter worth approximately $527,197,000. Level Four Advisory Services LLC boosted its holdings in shares of Marathon Petroleum by 0.6% during the second quarter. Level Four Advisory Services LLC now owns 13,165 shares of the oil and gas company’s stock worth $2,187,000 after purchasing an additional 83 shares during the period. Hsbc Holdings PLC grew its position in Marathon Petroleum by 1.0% during the second quarter. Hsbc Holdings PLC now owns 575,600 shares of the oil and gas company’s stock valued at $95,704,000 after purchasing an additional 5,848 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Marathon Petroleum by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,909 shares of the oil and gas company’s stock worth $6,463,000 after buying an additional 420 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

NYSE MPC opened at $193.73 on Friday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. The stock’s 50-day moving average is $191.67 and its two-hundred day moving average is $177.46. The firm has a market cap of $58.24 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 EPS 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 business had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. On average, analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a $1.00 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s payout ratio is 42.64%.

Analyst Ratings Changes

Several research firms have recently commented on MPC. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Barclays boosted their target price on Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Evercore ISI raised their price target on Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Finally, TD Cowen lowered their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Hold” and an average target price of $203.21.

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.