Mitsubishi UFJ Trust & Banking Corp Sells 14,227 Shares of Marathon Petroleum Co. (NYSE:MPC)

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

Several other hedge funds have also added to or reduced their stakes in MPC. SWS Partners raised its stake in shares of Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after acquiring an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock worth $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Marathon Petroleum by 747.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock worth $3,466,000 after buying an additional 18,764 shares during the period. Greatmark Investment Partners Inc. increased its stake in shares of Marathon Petroleum by 3.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock valued at $22,483,000 after buying an additional 5,476 shares during the period. Finally, TCTC Holdings LLC raised its position in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock worth $12,730,000 after acquiring an additional 2,892 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPC. Barclays increased their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Raymond James reiterated a "strong-buy" rating on shares of Marathon Petroleum in a report on Thursday. Wells Fargo & Company lifted their target price on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. 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 report on Monday, December 16th. 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 research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $180.21.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Down 2.2 %

Shares of Marathon Petroleum stock traded down $3.30 on Friday, hitting $144.05. The company had a trading volume of 1,689,079 shares, compared to its average volume of 2,647,085. The stock has a market capitalization of $44.88 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The stock has a 50 day moving average of $148.74 and a 200-day moving average of $151.51.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 business's revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $3.98 EPS. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.53%. Marathon Petroleum's dividend payout ratio is currently 36.66%.

About Marathon Petroleum

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.