Two Sigma Investments LP Invests $81.32 Million in Marathon Petroleum Co. (NYSE:MPC)

Two Sigma Investments LP bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 582,924 shares of the oil and gas company’s stock, valued at approximately $81,318,000. Two Sigma Investments LP owned about 0.18% of Marathon Petroleum as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of Marathon Petroleum by 215.3% during the 4th quarter. True Wealth Design LLC now owns 536 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 366 shares during the last quarter. Toronto Dominion Bank raised its stake in Marathon Petroleum by 3.7% in the fourth quarter. Toronto Dominion Bank now owns 173,830 shares of the oil and gas company’s stock valued at $24,249,000 after buying an additional 6,159 shares during the last quarter. Scissortail Wealth Management LLC boosted its holdings in Marathon Petroleum by 7,613.2% in the fourth quarter. Scissortail Wealth Management LLC now owns 30,313 shares of the oil and gas company’s stock worth $4,229,000 after acquiring an additional 29,920 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of Marathon Petroleum by 49.5% during the fourth quarter. Siemens Fonds Invest GmbH now owns 17,455 shares of the oil and gas company’s stock worth $2,435,000 after acquiring an additional 5,783 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in shares of Marathon Petroleum by 1.0% during the fourth quarter. Rafferty Asset Management LLC now owns 116,666 shares of the oil and gas company’s stock valued at $16,275,000 after acquiring an additional 1,132 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 1.2%

Marathon Petroleum stock opened at $162.12 on Tuesday. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The firm has a market cap of $49.81 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The business’s 50-day moving average price is $140.26 and its 200 day moving average price is $145.70. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter last year, the company earned $2.58 EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.25%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 51.20%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Mizuho lifted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. TD Cowen lifted their price objective on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Raymond James cut their target price on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Piper Sandler reduced their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Barclays boosted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.29.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents 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.

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.