Marathon Petroleum Co. (NYSE:MPC) Stake Increased by Korea Investment CORP

Korea Investment CORP grew its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 256,928 shares of the oil and gas company's stock after buying an additional 13,362 shares during the quarter. Korea Investment CORP owned 0.08% of Marathon Petroleum worth $35,841,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at $27,000. True Wealth Design LLC boosted its stake in Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 148 shares during the period. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Finally, Cape Investment Advisory Inc. lifted its position in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 267 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 0.4 %

Shares of MPC traded up $0.59 during mid-day trading on Wednesday, reaching $147.22. The company had a trading volume of 537,609 shares, compared to its average volume of 2,805,080. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The firm has a fifty day simple moving average of $148.52 and a 200-day simple moving average of $151.23. The stock has a market cap of $45.86 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth 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.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.98 earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is currently 36.66%.

Insider Activity

In related news, Director Evan Bayh bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MPC shares. Piper Sandler lowered their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Barclays upped their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. TD Cowen reiterated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Finally, Raymond James restated a "strong-buy" rating on shares of Marathon Petroleum in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have given 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, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus price target of $180.21.

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.