MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $5 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Marathon Petroleum Co. (NYSE:MPC) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,884 shares of the oil and gas company’s stock after purchasing an additional 3,493 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Marathon Petroleum were worth $5,001,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Financial Partners Group LLC increased its position in Marathon Petroleum by 6.9% in the 4th quarter. Financial Partners Group LLC now owns 2,374 shares of the oil and gas company’s stock worth $331,000 after buying an additional 154 shares during the period. Brighton Jones LLC grew its stake in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares during the last quarter. Apeiron RIA LLC raised its stake in Marathon Petroleum by 3.9% during the 4th quarter. Apeiron RIA LLC now owns 2,136 shares of the oil and gas company’s stock valued at $298,000 after purchasing an additional 81 shares during the last quarter. Secure Asset Management LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $335,000. Finally, Avior Wealth Management LLC grew its position in Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock worth $303,000 after purchasing an additional 71 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other news, Director Jeffrey C. Campbell purchased 6,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $149.61 per share, with a total value of $897,660.00. Following the completion of the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $154.37 on Friday. The stock has a market capitalization of $49.61 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.88 and a beta of 1.42. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The firm has a 50 day moving average of $147.38 and a 200-day moving average of $158.72. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The company had revenue of $35.37 billion for the quarter, compared to analyst estimates of $34.34 billion. During the same quarter in the previous year, the firm earned $8.14 earnings per share. The business’s revenue was down 14.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.36%. Marathon Petroleum’s payout ratio is currently 28.84%.

Analyst Ratings Changes

A number of research analysts have recently commented on MPC shares. Wells Fargo & Company cut their price objective on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Barclays reduced their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Citigroup cut their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Mizuho decreased their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $181.20.

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.