UniSuper Management Pty Ltd Acquires 4,932 Shares of Marathon Petroleum Co. (NYSE:MPC)

UniSuper Management Pty Ltd raised its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,994 shares of the oil and gas company's stock after purchasing an additional 4,932 shares during the quarter. UniSuper Management Pty Ltd's holdings in Marathon Petroleum were worth $3,626,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC lifted its position in Marathon Petroleum by 44.3% during 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 acquiring an additional 4,868 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Marathon Petroleum during the third quarter worth $4,073,000. Vinva Investment Management Ltd raised its position in Marathon Petroleum by 5.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 17,327 shares of the oil and gas company's stock worth $2,836,000 after buying an additional 953 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Marathon Petroleum by 6.9% in the third quarter. Atlantic Union Bankshares Corp now owns 28,477 shares of the oil and gas company's stock valued at $4,639,000 after acquiring an additional 1,843 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Marathon Petroleum by 10.2% during the third quarter. Captrust Financial Advisors now owns 89,122 shares of the oil and gas company's stock worth $14,519,000 after purchasing an additional 8,283 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

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Marathon Petroleum Price Performance

Shares of MPC traded up $0.60 during midday trading on Wednesday, reaching $147.23. The stock had a trading volume of 582,416 shares, compared to its average volume of 2,637,208. 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 company has a market capitalization of $45.87 billion, a P/E ratio of 14.84, a P/E/G ratio of 3.11 and a beta of 1.39. The firm's 50 day moving average price is $148.52 and its 200-day moving average price is $151.23. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.98 EPS. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.47%. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MPC. 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. Raymond James reissued a "strong-buy" rating on shares of Marathon Petroleum in a research note on Thursday, March 27th. Barclays lifted their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Piper Sandler cut their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average price target of $180.21.

Insiders Place Their Bets

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

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.