Generali Asset Management SPA SGR Has $5.01 Million Stock Position in Marathon Petroleum Corporation $MPC

Key Points

• Generali Asset Management SGR reduced its stake in Marathon Petroleum Corporation by 18.6% in Q2, holding 30,143 shares worth approximately $5 million.
• Analysts have mixed opinions on Marathon Petroleum, with Bank of America raising its price target to $192 and BMO Capital Markets boosting it to $208, indicating a consensus rating of "Moderate Buy."
• Marathon Petroleum declared a quarterly dividend of $0.91 per share, representing a 2.0% yield, with a payout ratio of 54.01% based on the recent earnings report.

Generali Asset Management SPA SGR cut its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 18.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,143 shares of the oil and gas company's stock after selling 6,889 shares during the quarter. Generali Asset Management SPA SGR's holdings in Marathon Petroleum were worth $5,007,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MPC. CBIZ Investment Advisory Services LLC grew its stake in shares of Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after buying an additional 201 shares in the last quarter. Hughes Financial Services LLC bought a new position in Marathon Petroleum in the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new position in Marathon Petroleum in the 1st quarter worth approximately $32,000. Decker Retirement Planning Inc. increased its position in Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after buying an additional 227 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at approximately $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on Marathon Petroleum from $184.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Wolfe Research lowered Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. BMO Capital Markets boosted their price objective on Marathon Petroleum from $195.00 to $208.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Barclays upped their target price on shares of Marathon Petroleum from $176.00 to $194.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.31.

Insider Transactions at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the sale, the insider directly owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Stock Up 0.5%

MPC stock opened at $184.09 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $201.61. The business has a 50 day moving average price of $179.75 and a two-hundred day moving average price of $164.26. The company has a market cap of $55.97 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 2.96 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the previous year, the company posted $4.12 EPS. The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. Analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.0%. Marathon Petroleum's payout ratio is 54.01%.

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.

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