Aviva PLC Purchases 61,682 Shares of Marathon Petroleum Corporation $MPC

Aviva PLC raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 35.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,168 shares of the oil and gas company’s stock after purchasing an additional 61,682 shares during the period. Aviva PLC owned 0.08% of Marathon Petroleum worth $39,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MPC. Jump Financial LLC boosted its holdings in Marathon Petroleum by 128.0% in the first quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after acquiring an additional 4,863 shares in the last quarter. Weatherly Asset Management L. P. bought a new position in Marathon Petroleum in the 1st quarter worth $216,000. Journey Strategic Wealth LLC boosted its stake in shares of Marathon Petroleum by 105.0% during the 1st quarter. Journey Strategic Wealth LLC now owns 8,582 shares of the oil and gas company’s stock valued at $1,250,000 after purchasing an additional 4,396 shares in the last quarter. FSM Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the second quarter valued at about $685,000. Finally, Brown Advisory Inc. raised its stake in Marathon Petroleum by 2.3% in the first quarter. Brown Advisory Inc. now owns 6,102 shares of the oil and gas company’s stock worth $889,000 after buying an additional 137 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MPC shares. Raymond James Financial set a $200.00 target price on Marathon Petroleum in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Wednesday, October 8th. Wolfe Research lowered Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a research report on Monday, July 28th. Finally, UBS Group lifted their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Marathon Petroleum Trading Up 0.6%

Shares of NYSE:MPC opened at $193.78 on Monday. The stock has a 50 day moving average of $187.86 and a 200 day moving average of $172.43. The company has a market cap of $58.25 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.80 and a beta of 0.90. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $201.61. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 annualized dividend and a yield of 2.1%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s payout ratio is currently 38.81%.

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.