Assenagon Asset Management S.A. Has $69.69 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

Assenagon Asset Management S.A. lessened its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,312 shares of the oil and gas company's stock after selling 64,750 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Marathon Petroleum worth $69,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Brighton Jones LLC increased its position in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after acquiring an additional 1,178 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Marathon Petroleum by 11.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,964 shares of the oil and gas company's stock worth $2,227,000 after buying an additional 1,654 shares during the period. Sapient Capital LLC grew its position in shares of Marathon Petroleum by 14.5% during the 4th quarter. Sapient Capital LLC now owns 2,350 shares of the oil and gas company's stock worth $328,000 after buying an additional 298 shares during the period. Schear Investment Advisers LLC grew its position in shares of Marathon Petroleum by 9.7% during the 4th quarter. Schear Investment Advisers LLC now owns 2,511 shares of the oil and gas company's stock worth $350,000 after buying an additional 223 shares during the period. Finally, Capital Advisors Inc. OK grew its position in shares of Marathon Petroleum by 8.8% during the 4th quarter. Capital Advisors Inc. OK now owns 5,599 shares of the oil and gas company's stock worth $781,000 after buying an additional 455 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Stock Up 0.6%

MPC traded up $0.92 during trading on Friday, reaching $165.99. The company had a trading volume of 2,704,849 shares, compared to its average volume of 2,689,735. 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 12 month low of $115.10 and a 12 month high of $183.31. The business's fifty day moving average price is $147.49 and its 200 day moving average price is $146.44. The company has a market cap of $50.99 billion, a P/E ratio of 16.72, a PEG ratio of 3.11 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MPC shares. Raymond James lowered their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. TD Cowen lifted their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday. Morgan Stanley lowered their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Mizuho lifted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus target price of $176.21.

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.