264,313 Shares in Marathon Petroleum Co. (NYSE:MPC) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 264,313 shares of the oil and gas company's stock, valued at approximately $36,872,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Marathon Petroleum as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $31,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Shares of MPC traded up $1.24 during trading hours on Thursday, hitting $159.85. 1,961,170 shares of the company were exchanged, compared to its average volume of 2,703,272. The company has a market cap of $49.11 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm's fifty day moving average is $142.38 and its 200 day moving average is $146.20.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted 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 firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. During the same period last year, the company earned $2.58 earnings per share. The business's quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders 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 yield of 2.28%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh bought 1,000 shares of the 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 completion of the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68% increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MPC. TD Cowen boosted their target price on shares of Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Mizuho boosted their price target on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank decreased their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $175.29.

About Marathon Petroleum

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.