Commerzbank Aktiengesellschaft FI Sells 1,452 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Commerzbank Aktiengesellschaft FI decreased its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,892 shares of the oil and gas company's stock after selling 1,452 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Marathon Petroleum were worth $1,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPC. Fourth Dimension Wealth LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $35,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $52,000. Institutional investors own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction dated 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 transaction, the director directly owned 18,944 shares of the company's stock, valued at $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Barclays upped their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Piper Sandler reiterated a "neutral" rating and issued a $175.00 price objective (up previously from $157.00) on shares of Marathon Petroleum in a research note on Thursday, July 10th. Finally, Evercore ISI assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $184.53.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $0.17 during midday trading on Friday, reaching $174.34. The stock had a trading volume of 2,623,698 shares, compared to its average volume of 2,711,565. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The stock has a market capitalization of $53.56 billion, a P/E ratio of 24.52, a PEG ratio of 3.27 and a beta of 0.88. The firm's fifty day simple moving average is $166.05 and its 200-day simple moving average is $150.97. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $2.58 EPS. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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.