Marathon Petroleum Corporation $MPC Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,508,489 shares of the oil and gas company’s stock after buying an additional 215,686 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Marathon Petroleum were worth $385,675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Solstein Capital LLC acquired a new stake in Marathon Petroleum during the 2nd quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in shares of Marathon Petroleum in the second quarter worth $26,000. Bell Investment Advisors Inc purchased a new position in shares of Marathon Petroleum during the second quarter worth $27,000. Navalign LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth $30,000. Finally, Berbice Capital Management LLC lifted its position in Marathon Petroleum by 100.0% during the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.0%

MPC opened at $369.00 on Monday. Marathon Petroleum Corporation has a fifty-two week low of $161.93 and a fifty-two week high of $369.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The company has a fifty day moving average of $308.87 and a two-hundred day moving average of $260.60. The stock has a market capitalization of $107.72 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.24 and a beta of 0.52.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same period in the prior year, the company posted $3.96 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. On average, research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio is presently 13.75%.

Analysts Set New Price Targets

MPC has been the topic of several analyst reports. Wall Street Zen raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. UBS Group reissued a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a report on Friday, July 10th. TD Cowen upped their target price on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Evercore set a $330.00 target price on Marathon Petroleum in a report on Wednesday, August 5th. Finally, Mizuho lifted their price target on Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

Get Our Latest Report on Marathon Petroleum

Insiders Place Their Bets

In other news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 26,032 shares of company stock worth $8,744,213. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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