MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stake in Marathon Petroleum Co. (NYSE:MPC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,884 shares of the oil and gas company's stock after purchasing an additional 3,493 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Marathon Petroleum were worth $5,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock worth $911,274,000 after buying an additional 4,328,470 shares during the period. Pacer Advisors Inc. lifted its position in shares of Marathon Petroleum by 8.8% during the third quarter. Pacer Advisors Inc. now owns 2,905,610 shares of the oil and gas company's stock worth $473,353,000 after purchasing an additional 235,795 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Marathon Petroleum by 45.4% during the third quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company's stock valued at $217,560,000 after purchasing an additional 415,368 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Marathon Petroleum by 19,153.8% in the third quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company's stock worth $213,605,000 after purchasing an additional 1,304,372 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Marathon Petroleum by 17.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,197,401 shares of the oil and gas company's stock worth $207,186,000 after buying an additional 180,213 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 1.9 %

NYSE MPC traded down $2.88 during trading on Friday, hitting $151.43. The company's stock had a trading volume of 4,318,848 shares, compared to its average volume of 2,964,163. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a market cap of $48.67 billion, a PE ratio of 12.00, a P/E/G ratio of 2.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The business's 50 day simple moving average is $147.30 and its 200-day simple moving average is $158.69.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.90. The company had revenue of $35.37 billion during the quarter, compared to analysts' expectations of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. Marathon Petroleum's revenue for the quarter was down 14.9% on a year-over-year basis. During the same period last year, the business earned $8.14 EPS. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum announced that its board has authorized a share buyback program on Tuesday, November 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were paid a $0.91 dividend. This is a positive change from Marathon Petroleum's previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $3.64 dividend on an annualized basis and a yield of 2.40%. Marathon Petroleum's dividend payout ratio (DPR) is 28.84%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now owns 6,090 shares in the company, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of Marathon Petroleum in a research note on Thursday, October 17th. They issued a "neutral" rating and a $174.00 target price on the stock. Wells Fargo & Company decreased their target price on Marathon Petroleum from $186.00 to $182.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Raymond James raised their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research note on Friday, January 17th. Scotiabank dropped their target price on shares of Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.20.

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.