Raiffeisen Bank International AG Invests $345,000 in Marathon Petroleum Co. (NYSE:MPC)

Raiffeisen Bank International AG acquired a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,547 shares of the oil and gas company's stock, valued at approximately $345,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum by 78.1% in 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 buying an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC boosted its position in shares of Marathon Petroleum by 16,338.3% during the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after acquiring an additional 4,151,722 shares in the last quarter. Norges Bank acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $453,427,000. Boston Partners raised its stake in 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 in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after buying an additional 647,045 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $0.81 on Tuesday, hitting $161.46. 1,431,691 shares of the company traded hands, compared to its average volume of 2,708,944. The business has a 50-day simple moving average of $140.75 and a 200 day simple moving average of $145.81. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The stock has a market capitalization of $49.60 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 earnings per share. Research analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.25%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPC shares. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James cut their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. TD Cowen boosted their price objective on shares of Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Scotiabank lowered their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays upped their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Insider Transactions at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum 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 purchase, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

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.