Generali Asset Management SPA SGR Acquires 11,082 Shares of Marathon Petroleum Corporation $MPC

Generali Asset Management SPA SGR boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 36.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,225 shares of the oil and gas company’s stock after purchasing an additional 11,082 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Marathon Petroleum were worth $7,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPC. Financial Consulate Inc. bought a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $92,000. Pinnacle Wealth Management Advisory Group LLC increased its stake in Marathon Petroleum by 18.7% during the 3rd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,848 shares of the oil and gas company’s stock worth $1,127,000 after acquiring an additional 923 shares during the period. Lee Johnson Capital Management LLC acquired a new position in Marathon Petroleum in the 3rd quarter valued at $2,539,000. Calamos Wealth Management LLC lifted its position in shares of Marathon Petroleum by 6.9% during the 3rd quarter. Calamos Wealth Management LLC now owns 5,852 shares of the oil and gas company’s stock valued at $1,128,000 after acquiring an additional 380 shares during the period. Finally, Calamos Advisors LLC grew its holdings in shares of Marathon Petroleum by 0.3% during the 3rd quarter. Calamos Advisors LLC now owns 336,206 shares of the oil and gas company’s stock worth $64,800,000 after purchasing an additional 974 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the subject of several recent analyst reports. Wall Street Zen cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Morgan Stanley boosted their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Raymond James Financial reduced their price target on shares of Marathon Petroleum from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Barclays boosted their price objective on shares of Marathon Petroleum from $194.00 to $202.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Piper Sandler raised their target price on Marathon Petroleum from $220.00 to $231.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.07.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $162.59 on Friday. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year 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. The stock has a market cap of $48.87 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.74. The stock’s 50-day moving average is $185.84 and its 200-day moving average is $180.03.

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

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were 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 dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Marathon Petroleum’s payout ratio is presently 42.64%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.