Siemens Fonds Invest GmbH Has $2.44 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Siemens Fonds Invest GmbH boosted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,455 shares of the oil and gas company's stock after acquiring an additional 5,783 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Marathon Petroleum were worth $2,435,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at approximately $69,000. Total Wealth Planning & Management Inc. acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at $442,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at $36,872,000. Brooklyn FI LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at $1,009,000. Finally, Fidelity D & D Bancorp Inc. acquired a new position in shares of Marathon Petroleum during the 4th quarter valued at $220,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.8%

NYSE MPC traded up $1.24 during trading on Thursday, hitting $159.85. 1,961,170 shares of the company traded hands, compared to its average volume of 2,703,272. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The business has a fifty day simple moving average of $142.38 and a 200 day simple moving average of $146.20. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $49.11 billion, a P/E ratio of 16.10, a PEG ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating 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 company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period last year, the company earned $2.58 earnings per share. The business's revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.28%. Marathon Petroleum's payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James lowered their price target on 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. Barclays raised their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Mizuho raised their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their price objective on Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, TD Cowen lifted their price objective on Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling bought 2,000 shares of the firm's 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 completion of the transaction, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate 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.