AustralianSuper Pty Ltd Purchases 5,569 Shares of Marathon Petroleum Corporation (NYSE:MPC)

AustralianSuper Pty Ltd raised its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 923,930 shares of the oil and gas company's stock after purchasing an additional 5,569 shares during the period. AustralianSuper Pty Ltd owned 0.30% of Marathon Petroleum worth $134,607,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MPC. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $26,000. Hughes Financial Services LLC acquired a new position in Marathon Petroleum during the 1st quarter valued at about $32,000. Decker Retirement Planning Inc. boosted its stake in Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 227 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the 1st quarter worth approximately $35,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $52,000. Institutional investors own 76.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded up $0.44 during mid-day trading on Monday, reaching $174.65. The company had a trading volume of 758,442 shares, compared to its average volume of 2,702,720. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.31. The firm has a market cap of $53.65 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.37 and a beta of 0.88. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a 50 day moving average of $166.52 and a 200-day moving average of $151.36.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $2.58 EPS. On average, sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.08%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 51.20%.

Wall Street Analyst Weigh In

Several analysts recently commented on MPC shares. Wolfe Research lowered shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. TD Cowen boosted their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. UBS Group boosted their price target on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Evercore ISI initiated coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target on the stock. Finally, Barclays upped their price objective on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $183.43.

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.