Victory Capital Management Inc. Acquires 32,002 Shares of Marathon Petroleum Co. (MPC)

Victory Capital Management Inc. lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,060 shares of the oil and gas company’s stock after acquiring an additional 32,002 shares during the quarter. Victory Capital Management Inc.’s holdings in Marathon Petroleum were worth $13,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MPC. Renaissance Technologies LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at $131,947,000. Two Sigma Advisers LP increased its stake in Marathon Petroleum by 892.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,726,811 shares of the oil and gas company’s stock worth $113,935,000 after buying an additional 1,552,853 shares during the period. Millennium Management LLC increased its stake in Marathon Petroleum by 24.3% during the 4th quarter. Millennium Management LLC now owns 5,209,211 shares of the oil and gas company’s stock worth $343,704,000 after buying an additional 1,019,354 shares during the period. Deutsche Bank AG increased its stake in Marathon Petroleum by 28.1% during the 4th quarter. Deutsche Bank AG now owns 4,208,375 shares of the oil and gas company’s stock worth $277,664,000 after buying an additional 923,646 shares during the period. Finally, American Century Companies Inc. increased its stake in Marathon Petroleum by 43.4% during the 1st quarter. American Century Companies Inc. now owns 2,596,786 shares of the oil and gas company’s stock worth $189,851,000 after buying an additional 785,895 shares during the period. Institutional investors and hedge funds own 79.87% of the company’s stock.

NYSE MPC opened at $79.53 on Monday. Marathon Petroleum Co. has a one year low of $49.30 and a one year high of $83.27. The company has a quick ratio of 1.12, a current ratio of 1.73 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $36.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 1st. The oil and gas company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). Marathon Petroleum had a net margin of 4.45% and a return on equity of 10.05%. The business had revenue of $18.98 billion during the quarter, compared to analyst estimates of $21.78 billion. During the same period last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. equities analysts forecast that Marathon Petroleum Co. will post 4.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Tuesday, May 15th. Marathon Petroleum’s payout ratio is 48.42%.

Several research firms recently issued reports on MPC. Cowen reaffirmed an “outperform” rating and set a $90.00 price target (up previously from $76.00) on shares of Marathon Petroleum in a research note on Thursday, February 1st. Citigroup lifted their price target on shares of Marathon Petroleum from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Wells Fargo reaffirmed a “market perform” rating and set a $66.00 price target (down previously from $72.00) on shares of Marathon Petroleum in a research note on Thursday, March 15th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and set a $89.00 price target on shares of Marathon Petroleum in a research note on Tuesday, January 30th. Finally, JPMorgan Chase dropped their price target on shares of Marathon Petroleum from $90.00 to $86.00 and set an “overweight” rating on the stock in a research note on Monday, April 9th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.63.

In other Marathon Petroleum news, insider Thomas M. Kelley sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $69.77, for a total transaction of $1,395,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles E. Bunch bought 1,500 shares of Marathon Petroleum stock in a transaction on Tuesday, March 6th. The shares were purchased at an average cost of $67.38 per share, with a total value of $101,070.00. Following the completion of the purchase, the director now directly owns 12,853 shares in the company, valued at $866,035.14. The disclosure for this purchase can be found here. Insiders own 1.09% of the company’s stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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