NEOS Investment Management LLC Grows Stake in Marathon Petroleum Co. (NYSE:MPC)

NEOS Investment Management LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 30.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,260 shares of the oil and gas company’s stock after purchasing an additional 4,974 shares during the quarter. NEOS Investment Management LLC’s holdings in Marathon Petroleum were worth $2,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its holdings in shares of Marathon Petroleum by 23.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 25,994 shares of the oil and gas company’s stock valued at $3,626,000 after buying an additional 4,932 shares in the last quarter. Sava Infond d.o.o. purchased a new stake in Marathon Petroleum in the fourth quarter valued at $265,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Marathon Petroleum by 3.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 513,792 shares of the oil and gas company’s stock worth $73,339,000 after purchasing an additional 16,622 shares during the last quarter. Korea Investment CORP increased its position in shares of Marathon Petroleum by 5.5% during the fourth quarter. Korea Investment CORP now owns 256,928 shares of the oil and gas company’s stock worth $35,841,000 after purchasing an additional 13,362 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at about $837,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 2.2 %

Marathon Petroleum stock opened at $144.05 on Friday. The stock’s 50 day moving average price is $148.74 and its 200 day moving average price is $151.59. The company has a market cap of $44.88 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11.

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

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.53%. Marathon Petroleum’s payout ratio is 36.66%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. TD Cowen reiterated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays raised their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Mizuho lowered their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.21.

Marathon Petroleum Company Profile

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.