Fideuram Asset Management Ireland dac Takes Position in Marathon Petroleum Corporation $MPC

Fideuram Asset Management Ireland dac acquired a new stake in Marathon Petroleum Corporation (NYSE:MPC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,680 shares of the oil and gas company’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Partners boosted its holdings in Marathon Petroleum by 2.3% in the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after acquiring an additional 141,691 shares during the last quarter. Legal & General Group Plc boosted its holdings in Marathon Petroleum by 2.0% in the third quarter. Legal & General Group Plc now owns 1,861,020 shares of the oil and gas company’s stock valued at $358,693,000 after acquiring an additional 35,847 shares during the last quarter. Amundi boosted its holdings in Marathon Petroleum by 11.8% in the third quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock valued at $314,830,000 after acquiring an additional 172,172 shares during the last quarter. National Pension Service boosted its holdings in Marathon Petroleum by 4.3% in the fourth quarter. National Pension Service now owns 885,426 shares of the oil and gas company’s stock valued at $143,997,000 after acquiring an additional 36,158 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Marathon Petroleum by 1.8% in the third quarter. Rhumbline Advisers now owns 669,237 shares of the oil and gas company’s stock valued at $128,989,000 after acquiring an additional 11,948 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Key Stories Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

Insider Activity at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,810 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the transaction, the insider owned 10,188 shares in the company, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,473 shares of company stock valued at $1,015,428 in the last 90 days. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

MPC has been the topic of a number of research analyst reports. Barclays lifted their target price on Marathon Petroleum from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their target price on Marathon Petroleum to $335.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. TD Cowen lifted their target price on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. BMO Capital Markets lifted their target price on Marathon Petroleum from $255.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, UBS Group set a $285.00 price objective on Marathon Petroleum in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $268.50.

Marathon Petroleum Trading Down 1.1%

NYSE:MPC opened at $248.45 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. Marathon Petroleum Corporation has a one year low of $155.93 and a one year high of $264.14. The business’s 50-day simple moving average is $240.26 and its 200 day simple moving average is $207.70. The stock has a market cap of $72.53 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.53.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, topping the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The business had revenue of $34.20 billion for the quarter, compared to analysts’ expectations of $33.42 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 30.05 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. Marathon Petroleum’s payout ratio is 26.11%.

Marathon Petroleum 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.