Mufg Securities Americas Inc. Buys Shares of 4,745 Marathon Petroleum Co. (NYSE:MPC)

Mufg Securities Americas Inc. purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,745 shares of the oil and gas company's stock, valued at approximately $662,000.

A number of other large investors also recently modified their holdings of the business. Claro Advisors LLC grew its position in Marathon Petroleum by 66.1% during the fourth quarter. Claro Advisors LLC now owns 2,841 shares of the oil and gas company's stock worth $396,000 after buying an additional 1,131 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Marathon Petroleum during the fourth quarter worth about $1,042,000. Pallas Capital Advisors LLC grew its position in Marathon Petroleum by 154.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,695 shares of the oil and gas company's stock worth $794,000 after buying an additional 3,460 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its position in Marathon Petroleum by 63.8% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,591 shares of the oil and gas company's stock worth $362,000 after buying an additional 1,009 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Marathon Petroleum by 1,204.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock worth $75,757,000 after buying an additional 501,441 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on MPC. 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. Barclays lifted 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. Scotiabank decreased their target price 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. TD Cowen lifted their price objective on Marathon Petroleum from $142.00 to $152.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and an average price target of $175.29.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction 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 trade represents a 19.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was 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 Price Performance

Shares of NYSE:MPC traded down $1.22 during trading on Friday, reaching $164.07. The stock had a trading volume of 2,836,057 shares, compared to its average volume of 2,715,949. Marathon Petroleum Co. has a 52 week low of $115.10 and a 52 week high of $183.31. The business's 50-day moving average price is $139.76 and its 200 day moving average price is $145.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The stock has a market capitalization of $50.40 billion, a PE ratio of 16.52, a P/E/G 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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same quarter in the previous year, the company posted $2.58 earnings per share. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is currently 51.20%.

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.