Ninety One UK Ltd Has $11.42 Million Stake in Marathon Petroleum Corporation (NYSE:MPC)

Ninety One UK Ltd cut its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,360 shares of the oil and gas company's stock after selling 24,925 shares during the quarter. Ninety One UK Ltd's holdings in Marathon Petroleum were worth $11,416,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MPC. Wellington Management Group LLP raised its position in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after acquiring an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC raised its position in shares of Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock worth $582,710,000 after acquiring an additional 4,151,722 shares during the last quarter. Norges Bank bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $453,427,000. GAMMA Investing LLC raised its position in shares of Marathon Petroleum by 14,969.1% during the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock worth $224,503,000 after acquiring an additional 1,530,737 shares during the last quarter. Finally, Boston Partners raised its position in shares of Marathon Petroleum by 37.4% during the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after acquiring an additional 935,042 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MPC shares. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday. Evercore ISI began coverage on Marathon Petroleum in a report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price for the company. Finally, Piper Sandler lifted their target price on Marathon Petroleum from $157.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $184.38.

Marathon Petroleum Stock Down 1.3%

NYSE:MPC traded down $2.45 during midday trading on Friday, hitting $179.81. 4,388,192 shares of the company were exchanged, compared to its average volume of 2,719,877. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $55.24 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.53 and a beta of 0.88. The company has a fifty day simple moving average of $163.74 and a 200 day simple moving average of $150.00.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data 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. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. The company's revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

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

Insider Buying and Selling at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's 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 owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

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.