Thrivent Financial for Lutherans Purchases 28,187 Shares of Marathon Petroleum Corporation $MPC

Thrivent Financial for Lutherans grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 7.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 427,529 shares of the oil and gas company’s stock after buying an additional 28,187 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of Marathon Petroleum worth $82,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the period. Woodline Partners LP grew its holdings in shares of Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock worth $3,889,000 after purchasing an additional 7,396 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Marathon Petroleum by 26.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after buying an additional 466 shares during the period. Truist Financial Corp lifted its holdings in Marathon Petroleum by 6.6% during the 2nd quarter. Truist Financial Corp now owns 56,973 shares of the oil and gas company’s stock valued at $9,464,000 after buying an additional 3,524 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Marathon Petroleum by 503.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 129,477 shares of the oil and gas company’s stock valued at $21,507,000 after buying an additional 108,016 shares during the period. 76.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPC has been the topic of several research reports. Jefferies Financial Group reduced their price objective on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Scotiabank restated an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a report on Friday, January 16th. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group cut their target price on shares of Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $197.19.

Marathon Petroleum Trading Up 0.2%

Shares of NYSE:MPC opened at $176.06 on Monday. The business’s 50-day moving average is $177.62 and its 200 day moving average is $180.59. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The firm has a market capitalization of $52.92 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.81 and a beta of 0.74.

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 analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. On average, research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Marathon Petroleum’s payout ratio is currently 42.64%.

About Marathon Petroleum

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.