MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $5.44 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,391 shares of the oil and gas company's stock after buying an additional 4,270 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Marathon Petroleum were worth $5,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPC. Raymond James & Associates raised its position in shares of Marathon Petroleum by 2.6% during the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company's stock worth $743,690,000 after buying an additional 107,915 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Marathon Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company's stock worth $620,815,000 after purchasing an additional 31,100 shares during the period. Boston Partners boosted its stake in Marathon Petroleum by 0.3% during the 1st quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company's stock valued at $558,390,000 after purchasing an additional 8,476 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Marathon Petroleum by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company's stock valued at $463,160,000 after purchasing an additional 209,270 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Marathon Petroleum by 7.6% in the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company's stock valued at $335,241,000 after buying an additional 117,790 shares during the period. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on MPC. Jefferies Financial Group boosted their price target on shares of Marathon Petroleum from $222.00 to $231.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. Morgan Stanley dropped their target price on shares of Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a report on Monday, September 9th. Tudor Pickering cut Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average target price of $190.73.

Marathon Petroleum Stock Down 1.1 %

Marathon Petroleum stock traded down $1.76 during trading hours on Monday, hitting $162.50. The company had a trading volume of 1,902,918 shares, compared to its average volume of 2,692,590. The firm's fifty day moving average is $168.89 and its 200-day moving average is $177.06. The firm has a market capitalization of $57.25 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion during the quarter, compared to analysts' expectations of $36.66 billion. During the same quarter last year, the firm earned $5.32 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.03%. Marathon Petroleum's dividend payout ratio is currently 16.48%.

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.