UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $227.35 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 6.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,629,734 shares of the oil and gas company's stock after selling 116,688 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of Marathon Petroleum worth $227,348,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Mizuho lifted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction 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 acquisition, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, 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. Company insiders own 0.25% of the company's stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $158.89 on Friday. The business's 50 day simple moving average is $141.31 and its 200 day simple moving average is $145.98. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The stock has a market capitalization of $48.81 billion, a PE ratio of 16.00, a PEG ratio of 3.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS 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 business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The firm's revenue was down 4.1% on a year-over-year basis. As a group, research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current 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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, May 21st. Marathon Petroleum's payout ratio is presently 51.20%.

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.

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