Wellington Management Group LLP Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 78.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,961,503 shares of the oil and gas company's stock after purchasing an additional 4,367,774 shares during the quarter. Wellington Management Group LLP owned 3.20% of Marathon Petroleum worth $1,389,630,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $453,427,000. Boston Partners increased its holdings in Marathon Petroleum by 37.4% during the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after acquiring an additional 935,042 shares during the period. Pacer Advisors Inc. lifted its stake in Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares in the last quarter. National Bank of Canada FI boosted its holdings in Marathon Petroleum by 212.9% in the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after purchasing an additional 576,119 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of 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 valued at $75,757,000 after purchasing an additional 501,441 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPC shares. Piper Sandler dropped their price objective on 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 reaffirmed a "strong-buy" rating and issued a $193.00 price target on shares of Marathon Petroleum in a report on Thursday, March 27th. Barclays boosted their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $180.29.

Marathon Petroleum Trading Down 5.9 %

MPC stock traded down $7.57 during trading on Friday, hitting $121.02. 5,832,177 shares of the company traded hands, compared to its average volume of 2,653,015. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a 50-day moving average of $147.41 and a 200-day moving average of $150.77. The firm has a market capitalization of $37.70 billion, a PE ratio of 12.19, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 1 year low of $115.97 and a 1 year 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 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.98 earnings per share. Analysts predict 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. Stockholders of record on Wednesday, February 19th were issued 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 dividend yield of 3.01%. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of 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 disclosure for this purchase can be found here. 0.21% of the stock is owned by 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.