DekaBank Deutsche Girozentrale Acquires 6,515 Shares of Marathon Petroleum Corporation (NYSE:MPC)

DekaBank Deutsche Girozentrale boosted its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 4.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,529 shares of the oil and gas company's stock after acquiring an additional 6,515 shares during the period. DekaBank Deutsche Girozentrale's holdings in Marathon Petroleum were worth $22,244,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Buckley Wealth Management LLC increased its stake in shares of Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company's stock valued at $1,998,000 after purchasing an additional 75 shares during the period. Beverly Hills Private Wealth LLC increased its stake in shares of Marathon Petroleum by 1.2% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after purchasing an additional 76 shares during the period. Intact Investment Management Inc. increased its stake in shares of Marathon Petroleum by 19.0% in the fourth quarter. Intact Investment Management Inc. now owns 500 shares of the oil and gas company's stock valued at $70,000 after purchasing an additional 80 shares during the period. Valmark Advisers Inc. increased its stake in shares of Marathon Petroleum by 2.3% during the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock valued at $554,000 after acquiring an additional 86 shares during the period. Finally, Southland Equity Partners LLC increased its stake in shares of Marathon Petroleum by 6.2% during the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock valued at $226,000 after acquiring an additional 90 shares during the period. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 1.3%

Shares of NYSE:MPC traded down $2.45 during trading on Friday, reaching $179.81. 4,388,192 shares of the company traded hands, compared to its average volume of 2,719,877. The firm has a fifty day simple moving average of $163.74 and a 200 day simple moving average of $150.10. The firm has a market cap of $55.24 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.88. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 EPS. Analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.02%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Activity at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

MPC has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday. Piper Sandler raised their price objective on shares of Marathon Petroleum from $157.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday. TD Cowen raised their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Marathon Petroleum in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $184.38.

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.