Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 513,792 shares of the oil and gas company's stock after buying an additional 16,622 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Marathon Petroleum worth $73,339,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Korea Investment CORP lifted its position in shares of Marathon Petroleum by 5.5% in the 4th quarter. Korea Investment CORP now owns 256,928 shares of the oil and gas company's stock worth $35,841,000 after purchasing an additional 13,362 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Marathon Petroleum during the fourth quarter worth $837,000. Ausdal Financial Partners Inc. boosted its position in Marathon Petroleum by 37.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 2,244 shares of the oil and gas company's stock valued at $313,000 after acquiring an additional 607 shares in the last quarter. Financial Engines Advisors L.L.C. increased its holdings in shares of Marathon Petroleum by 45.9% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 2,150 shares of the oil and gas company's stock valued at $300,000 after acquiring an additional 676 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of Marathon Petroleum by 47.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 2,128 shares of the oil and gas company's stock worth $297,000 after acquiring an additional 684 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 Stock Performance

NYSE:MPC traded up $0.59 during midday trading on Wednesday, hitting $147.22. The company's stock had a trading volume of 537,609 shares, compared to its average volume of 2,805,080. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The firm's 50 day moving average is $148.52 and its 200-day moving average is $151.23. The firm has a market cap of $45.86 billion, a P/E ratio of 14.82, a P/E/G ratio of 3.11 and a beta of 1.39.

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 the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.98 earnings per share. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MPC shares. Wells Fargo & Company lifted their target price on Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Piper Sandler reduced 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 note on Friday, March 7th. Raymond James restated a "strong-buy" rating on shares of Marathon Petroleum in a research note on Thursday, March 27th. Barclays upped their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Finally, TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. 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 stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $180.21.

Insider Buying and Selling

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

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.