Vise Technologies Inc. Purchases 3,903 Shares of Marathon Petroleum Corporation $MPC

Vise Technologies Inc. lifted its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,030 shares of the oil and gas company’s stock after purchasing an additional 3,903 shares during the period. Vise Technologies Inc.’s holdings in Marathon Petroleum were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its stake in shares of Marathon Petroleum by 2.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock worth $333,000 after purchasing an additional 51 shares during the period. IFG Advisory LLC increased its stake in Marathon Petroleum by 1.5% during the 4th quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock worth $558,000 after acquiring an additional 51 shares during the period. Auxano Advisors LLC increased its stake in Marathon Petroleum by 2.1% during the 4th quarter. Auxano Advisors LLC now owns 2,630 shares of the oil and gas company’s stock worth $428,000 after acquiring an additional 55 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Marathon Petroleum by 0.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,287 shares of the oil and gas company’s stock worth $1,673,000 after acquiring an additional 57 shares during the period. Finally, Legacy Bridge LLC increased its stake in Marathon Petroleum by 12.5% during the 4th quarter. Legacy Bridge LLC now owns 523 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 58 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of a number of recent research reports. Mizuho raised their price objective on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. TD Cowen raised their price objective on Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Citigroup raised their price objective on Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler raised their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $268.50.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the sale, the insider owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 4,473 shares of company stock valued at $1,015,428. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Trading Down 1.8%

Shares of MPC stock opened at $262.26 on Friday. The stock’s fifty day moving average price is $242.90 and its two-hundred day moving average price is $210.01. The company has a market cap of $76.56 billion, a PE ratio of 17.12, a P/E/G ratio of 0.42 and a beta of 0.52. Marathon Petroleum Corporation has a fifty-two week low of $158.00 and a fifty-two week high of $272.46. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. The firm had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) EPS. Equities analysts predict that Marathon Petroleum Corporation will post 30.05 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 26.11%.

Marathon Petroleum 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.