Fractal Investments LLC Has $890,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

Fractal Investments LLC increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the oil and gas company’s stock after buying an additional 2,200 shares during the quarter. Marathon Petroleum comprises approximately 0.2% of Fractal Investments LLC’s investment portfolio, making the stock its 24th biggest position. Fractal Investments LLC’s holdings in Marathon Petroleum were worth $890,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MPC. Atria Wealth Solutions Inc. increased its stake in Marathon Petroleum by 4.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,474 shares of the oil and gas company’s stock valued at $2,889,000 after acquiring an additional 826 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of Marathon Petroleum by 1.8% in the 4th quarter. Alaska Permanent Fund Corp now owns 41,724 shares of the oil and gas company’s stock valued at $6,190,000 after purchasing an additional 726 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Marathon Petroleum by 34.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,951 shares of the oil and gas company’s stock worth $289,000 after buying an additional 502 shares in the last quarter. Fountainhead AM LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth $205,000. Finally, NewSquare Capital LLC acquired a new stake in Marathon Petroleum in the fourth quarter valued at about $58,000. Institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Raymond James raised their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. Mizuho raised their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. The Goldman Sachs Group upped their price target on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Barclays boosted their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Stock Down 0.3 %

Shares of NYSE:MPC traded down $0.53 during mid-day trading on Wednesday, hitting $199.12. 1,472,880 shares of the company traded hands, compared to its average volume of 2,785,725. The stock has a market cap of $71.75 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.70 and a beta of 1.52. The stock has a 50-day moving average price of $191.26 and a two-hundred day moving average price of $166.23. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter in the prior year, the company posted $6.65 earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts forecast that Marathon Petroleum Co. will post 19.42 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Marathon Petroleum 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.