Marathon Petroleum Corporation $MPC Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 32.1% during the 2nd quarter, Holdings Channel reports. The fund owned 4,081 shares of the oil and gas company’s stock after buying an additional 991 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Marathon Petroleum were worth $678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MPC. Concord Asset Management LLC VA acquired a new stake in Marathon Petroleum during the second quarter worth $412,000. Jump Financial LLC increased its position in shares of Marathon Petroleum by 128.0% during the 1st quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock worth $1,262,000 after purchasing an additional 4,863 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $685,000. Los Angeles Capital Management LLC raised its holdings in Marathon Petroleum by 459.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock valued at $31,556,000 after buying an additional 156,019 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Marathon Petroleum by 12.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 578,641 shares of the oil and gas company’s stock valued at $84,302,000 after buying an additional 64,849 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MPC shares. Bank of America boosted their price target on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Wells Fargo & Company lowered their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Dbs Bank raised Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Finally, Raymond James Financial set a $200.00 target price on Marathon Petroleum in a research note on Tuesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Hold” and a consensus target price of $202.14.

Marathon Petroleum Stock Up 1.4%

Shares of NYSE MPC opened at $190.53 on Friday. The stock has a market cap of $57.27 billion, a P/E ratio of 20.31, a PEG ratio of 4.57 and a beta of 0.90. The business’s fifty day simple moving average is $190.87 and its 200-day simple moving average is $176.12. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $202.29. 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 released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping the consensus estimate of $3.00 by $0.01. The firm had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a $1.00 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, November 19th. Marathon Petroleum’s payout ratio is presently 42.64%.

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.