Deuterium Capital Management LLC Grows Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Deuterium Capital Management LLC increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 196.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,626 shares of the oil and gas company’s stock after acquiring an additional 7,042 shares during the quarter. Marathon Petroleum comprises approximately 2.2% of Deuterium Capital Management LLC’s portfolio, making the stock its 12th largest holding. Deuterium Capital Management LLC’s holdings in Marathon Petroleum were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Marathon Petroleum by 19.4% in the first quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 910 shares during the period. Cibc World Market Inc. purchased a new stake in Marathon Petroleum during the first quarter worth about $282,000. Vontobel Holding Ltd. lifted its holdings in shares of Marathon Petroleum by 1.6% in the first quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 293 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Marathon Petroleum by 25.1% in the first quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock valued at $7,800,000 after purchasing an additional 18,230 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of Marathon Petroleum by 11.0% in the first quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock valued at $807,000 after purchasing an additional 937 shares in the last quarter. 74.93% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

MPC stock traded up $5.16 during midday trading on Friday, reaching $156.05. 1,080,115 shares of the company’s stock traded hands, compared to its average volume of 3,737,402. The company has a 50-day simple moving average of $133.98 and a two-hundred day simple moving average of $124.78. Marathon Petroleum Co. has a 1-year low of $89.40 and a 1-year high of $156.58. The company has a market cap of $62.40 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 1.14 and a beta of 1.62. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 1st. The oil and gas company reported $5.32 EPS for the quarter, beating the consensus estimate of $4.55 by $0.77. Marathon Petroleum had a return on equity of 36.33% and a net margin of 8.01%. The company had revenue of $36.82 billion during the quarter, compared to analysts’ expectations of $32.60 billion. During the same period last year, the firm earned $10.61 EPS. The business’s revenue for the quarter was down 32.2% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Co. will post 21.57 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.92%. Marathon Petroleum’s dividend payout ratio (DPR) is 10.89%.

Insider Activity

In related news, COO Gregory Scott Floerke sold 8,189 shares of Marathon Petroleum stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $145.80, for a total value of $1,193,956.20. Following the sale, the chief operating officer now owns 28,633 shares of the company’s stock, valued at $4,174,691.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Marathon Petroleum news, VP Timothy J. Aydt sold 4,913 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $145.26, for a total transaction of $713,662.38. Following the completion of the sale, the vice president now directly owns 18,995 shares in the company, valued at $2,759,213.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregory Scott Floerke sold 8,189 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $145.80, for a total value of $1,193,956.20. Following the completion of the transaction, the chief operating officer now owns 28,633 shares of the company’s stock, valued at $4,174,691.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,188 shares of company stock worth $3,890,973 over the last three months. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MPC shares. Morgan Stanley reissued an “overweight” rating and issued a $150.00 price objective on shares of Marathon Petroleum in a research report on Wednesday, August 2nd. Mizuho lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $148.00 to $161.00 in a research report on Wednesday, August 16th. StockNews.com assumed coverage on shares of Marathon Petroleum in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Jefferies Financial Group upped their target price on shares of Marathon Petroleum from $140.00 to $164.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Piper Sandler increased their price objective on shares of Marathon Petroleum from $133.00 to $143.00 in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.93.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.