Deutsche Bank AG Boosts Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Deutsche Bank AG increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,187,518 shares of the oil and gas company's stock after acquiring an additional 87,410 shares during the quarter. Deutsche Bank AG owned approximately 0.37% of Marathon Petroleum worth $165,659,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Wellington Management Group LLP increased its position in Marathon Petroleum by 78.1% in the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after buying an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC grew its stake in Marathon Petroleum by 16,338.3% in the fourth 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 during the period. Norges Bank bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at approximately $453,427,000. Boston Partners raised its position in shares of 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 purchasing an additional 935,042 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the business's stock in a transaction on 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 transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $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 company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Mizuho lifted their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research report on Tuesday. Raymond James reduced 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 report on Wednesday, April 9th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Scotiabank dropped their price target on shares of 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, Morgan Stanley decreased their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned 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 presently has a consensus rating of "Moderate Buy" and an average price target of $175.29.

Marathon Petroleum Price Performance

NYSE MPC traded up $4.72 on Tuesday, hitting $162.86. The stock had a trading volume of 4,014,293 shares, compared to its average volume of 2,727,929. The firm has a 50-day moving average of $137.56 and a 200-day moving average of $145.09. 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 Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a market capitalization of $50.03 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $28.91 billion. During the same quarter in the previous year, the company posted $2.58 EPS. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.24%. Marathon Petroleum's payout ratio is currently 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.