DekaBank Deutsche Girozentrale Increases Stock Position in Marathon Petroleum Co. (NYSE:MPC)

DekaBank Deutsche Girozentrale boosted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,771 shares of the oil and gas company's stock after buying an additional 10,323 shares during the period. DekaBank Deutsche Girozentrale's holdings in Marathon Petroleum were worth $22,940,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Gleason Group Inc. grew its holdings in shares of Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at $32,000. Mascoma Wealth Management LLC acquired a new stake in Marathon Petroleum in the 3rd quarter valued at $43,000. Peoples Bank KS acquired a new stake in Marathon Petroleum in the 3rd quarter valued at $44,000. Finally, Exchange Traded Concepts LLC boosted its stake in Marathon Petroleum by 811.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company's stock valued at $47,000 after buying an additional 284 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares of the company's stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 1.0 %

Shares of MPC stock traded down $2.10 on Monday, reaching $217.03. 2,478,033 shares of the stock were exchanged, compared to its average volume of 2,910,155. The stock has a market cap of $78.20 billion, a PE ratio of 9.23, a P/E/G ratio of 2.21 and a beta of 1.52. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The stock has a 50 day moving average price of $181.70 and a 200 day moving average price of $161.29.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm's revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.65 earnings per share. Equities research analysts forecast that Marathon Petroleum Co. will post 16.49 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a $0.825 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a yield of 1.52%. Marathon Petroleum's payout ratio is 14.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MPC shares. Barclays boosted their price target on Marathon Petroleum from $168.00 to $221.00 and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company boosted their price target on Marathon Petroleum from $214.00 to $227.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup started coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They issued a "neutral" rating on the stock. TD Cowen boosted their price objective on Marathon Petroleum from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. Finally, Mizuho boosted their price objective on Marathon Petroleum from $159.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $192.58.

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.