Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 421,082 shares of the oil and gas company’s stock after selling 14,227 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.13% of Marathon Petroleum worth $58,741,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MPC. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Marathon Petroleum during the 3rd quarter worth about $1,327,000. Larson Financial Group LLC grew its holdings in Marathon Petroleum by 13.9% during the third quarter. Larson Financial Group LLC now owns 2,652 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 324 shares during the period. Centaurus Financial Inc. raised its position in Marathon Petroleum by 18.8% during the third quarter. Centaurus Financial Inc. now owns 1,388 shares of the oil and gas company’s stock valued at $226,000 after acquiring an additional 220 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Marathon Petroleum by 4.1% in the third quarter. Daiwa Securities Group Inc. now owns 42,276 shares of the oil and gas company’s stock valued at $6,887,000 after acquiring an additional 1,662 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Marathon Petroleum by 44.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,865 shares of the oil and gas company’s stock worth $2,585,000 after purchasing an additional 4,868 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MPC shares. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Piper Sandler decreased their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays lifted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, Raymond James raised their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.21.

Marathon Petroleum Stock Down 0.0 %

MPC stock opened at $148.62 on Wednesday. The firm has a 50-day moving average of $149.06 and a two-hundred day moving average of $151.77. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 3.11 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.98 EPS. As a group, analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

Marathon Petroleum Company 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.