IFM Investors Pty Ltd Has $8.23 Million Holdings in Marathon Petroleum Corporation $MPC

IFM Investors Pty Ltd increased its stake in Marathon Petroleum Corporation (NYSE:MPC) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,467 shares of the oil and gas company’s stock after buying an additional 5,653 shares during the quarter. IFM Investors Pty Ltd’s holdings in Marathon Petroleum were worth $8,227,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 201 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Piper Sandler boosted their target price on Marathon Petroleum from $175.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. UBS Group boosted their target price on Marathon Petroleum from $175.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Evercore ISI assumed coverage on Marathon Petroleum in a report on Wednesday, June 18th. They set an “in-line” rating and a $170.00 target price on the stock. Wolfe Research lowered Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Bank of America boosted their target price on Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.50.

Marathon Petroleum Stock Down 0.8%

MPC opened at $181.64 on Thursday. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $186.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The company has a market capitalization of $55.22 billion, a P/E ratio of 26.95, a P/E/G ratio of 3.70 and a beta of 0.97. The stock has a fifty day moving average of $172.45 and a 200-day moving average of $156.72.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. During the same quarter last year, the firm earned $4.12 earnings per share. The company’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 54.01%.

Insiders Place Their Bets

In other news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the sale, the insider owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director directly owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum 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.