5 Dividend Stocks Billionaire D. E. Shaw is Buying

2. Marathon Petroleum Corporation (NYSE:MPC)

Dividend Yield as of January 11: 3.19%
Number of Hedge Fund Holders: 43

Marathon Petroleum Corporation (NYSE:MPC) is an American energy company that also operates the country’s largest refining system. The company reported solid Q3 results, posting an EPS of $0.73, which beat estimates by $0.03. As of the close of January 11, Marathon Petroleum Corporation (NYSE:MPC) delivered a 59.4% return to shareholders in the past year.

On October 27, Marathon Petroleum Corporation (NYSE:MPC) announced a quarterly dividend of $0.58 per share, with a dividend yield of 3.19%. Recently, Barclays lifted its price target on Marathon Petroleum Corporation (NYSE:MPC) to $80, while keeping an Overweight rating on the shares. In Q3, D E Shaw increased its activity in the company by 14% and now holds shares worth over $631 million. Marathon Petroleum Corporation (NYSE:MPC) accounted for 0.56% of D. E. Shaw’s portfolio.

At the end of Q3 2021, 43 hedge funds tracked by Insider Monkey reported owning stakes in Marathon Petroleum Corporation (NYSE:MPC), down from 48 in the previous quarter. These stakes hold a consolidated value of over $2.68 billion.