Marathon Petroleum Co. (NYSE:MPC) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,402 shares of the oil and gas company’s stock after selling 620 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Marathon Petroleum were worth $5,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gleason Group Inc. lifted its position in Marathon Petroleum by 75.2% during the third quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $38,000. Almanack Investment Partners LLC. acquired a new position in shares of Marathon Petroleum during the third quarter worth $38,000. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Marathon Petroleum during the third quarter worth $43,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $183.00 to $214.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. TD Cowen boosted their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Citigroup assumed coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Finally, Raymond James boosted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $182.09.

Marathon Petroleum Stock Up 2.3 %

Shares of NYSE:MPC traded up $4.51 during midday trading on Friday, reaching $201.50. The company had a trading volume of 6,064,106 shares, compared to its average volume of 2,881,661. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The stock’s fifty day moving average price is $175.03 and its 200-day moving average price is $158.84. The stock has a market capitalization of $72.61 billion, a P/E ratio of 8.56, a PEG ratio of 2.08 and a beta of 1.50. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $203.01.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share 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 firm had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. During the same quarter in the previous year, the firm earned $6.65 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts expect that Marathon Petroleum Co. will post 15.82 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.64%. 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.