United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Position in Marathon Petroleum Co. (NYSE:MPC)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the oil and gas company's stock, valued at approximately $837,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Marathon Petroleum during the 3rd quarter valued at $1,327,000. Larson Financial Group LLC boosted its position in shares of Marathon Petroleum by 13.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,652 shares of the oil and gas company's stock worth $432,000 after purchasing an additional 324 shares in the last quarter. Centaurus Financial Inc. grew its stake in shares of Marathon Petroleum by 18.8% in the 3rd quarter. Centaurus Financial Inc. now owns 1,388 shares of the oil and gas company's stock valued at $226,000 after buying an additional 220 shares during the period. Daiwa Securities Group Inc. increased its position in Marathon Petroleum by 4.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,276 shares of the oil and gas company's stock valued at $6,887,000 after buying an additional 1,662 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Marathon Petroleum by 44.3% in the third 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 in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays raised their price target 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. Finally, Mizuho lowered their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average target price of $180.21.

Insider Activity

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price 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 of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

MPC stock traded down $3.30 during mid-day trading 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. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The stock's fifty day moving average price is $148.74 and its two-hundred day moving average price is $151.51. The firm has a market cap of $44.88 billion, a PE ratio of 14.51, a price-to-earnings-growth 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 (NYSE:MPC - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.98 earnings per share. On average, analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm 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 of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Marathon Petroleum Company 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.