Eurizon Capital SGR S.p.A. Purchases Shares of 55,781 Marathon Petroleum Corporation $MPC

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 55,781 shares of the oil and gas company’s stock, valued at approximately $9,077,000.

Other hedge funds also recently bought and sold shares of the company. Navalign LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at about $31,000. Berbice Capital Management LLC boosted its holdings in Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. WFA of San Diego LLC bought a new stake in Marathon Petroleum during the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $34,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $248.45 on Monday. Marathon Petroleum Corporation has a 12-month low of $155.93 and a 12-month high of $264.14. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $72.53 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. The firm has a 50-day moving average price of $240.26 and a 200 day moving average price of $207.78.

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

Marathon Petroleum Announces Dividend

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 given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is 26.11%.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Marathon Petroleum from $174.00 to $210.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. TD Cowen upped their price objective on shares of Marathon Petroleum to $320.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group upped their price objective on shares of Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One investment 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $268.50.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling sold 1,810 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares of the company’s stock, valued at $2,290,058.64. This represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 4,473 shares of company stock valued at $1,015,428 over the last three months. Corporate insiders own 0.17% of the company’s stock.

Key Headlines 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

Marathon Petroleum Company 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.