MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,913 shares of the oil and gas company's stock after buying an additional 5,340 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Marathon Petroleum were worth $5,148,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the 4th quarter valued at $27,000. Asset Planning Inc purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $28,000. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $31,000. Cape Investment Advisory Inc. increased its stake in Marathon Petroleum by 762.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $44,000. Institutional investors own 76.77% of the company's stock.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

NYSE MPC opened at $164.07 on Monday. The firm's fifty day simple moving average is $139.76 and its two-hundred day simple moving average is $145.57. The firm has a market capitalization of $50.40 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.11 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31.

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 for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the previous year, the business earned $2.58 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho raised their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Piper Sandler decreased their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Scotiabank lowered their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Raymond James lowered their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $175.29.

Marathon Petroleum 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.

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