Fifth Third Bancorp Has $133.25 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Fifth Third Bancorp trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 661,288 shares of the oil and gas company's stock after selling 5,056 shares during the quarter. Fifth Third Bancorp owned 0.18% of Marathon Petroleum worth $133,250,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MPC. NBC Securities Inc. grew its position in shares of Marathon Petroleum by 0.9% in the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company's stock valued at $1,276,000 after purchasing an additional 55 shares in the last quarter. Guidance Capital Inc. increased its position in shares of Marathon Petroleum by 1.1% during the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company's stock valued at $1,135,000 after buying an additional 57 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of Marathon Petroleum by 27.3% in the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company's stock worth $55,000 after buying an additional 59 shares in the last quarter. First Financial Corp IN boosted its position in shares of Marathon Petroleum by 2.5% in the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company's stock valued at $489,000 after acquiring an additional 59 shares during the period. Finally, Marino Stram & Associates LLC grew its stake in Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company's stock valued at $1,695,000 after acquiring an additional 60 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Trading Up 2.2 %

NYSE MPC traded up $3.98 during trading on Thursday, hitting $182.95. 2,681,266 shares of the company's stock traded hands, compared to its average volume of 2,796,402. The firm has a market cap of $65.92 billion, a P/E ratio of 9.14, a PEG ratio of 1.48 and a beta of 1.55. The stock has a fifty day moving average of $193.92 and a two-hundred day moving average of $167.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.44% and a net margin of 5.32%. The company had revenue of $32.71 billion during the quarter, compared to analysts' expectations of $32.07 billion. During the same period in the prior year, the business posted $6.09 EPS. Marathon Petroleum's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of 1.80%. Marathon Petroleum's dividend payout ratio is currently 16.48%.

Insider Buying and Selling at Marathon Petroleum

In related 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 transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on MPC. StockNews.com raised shares of Marathon Petroleum from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Bank of America boosted their target price on Marathon Petroleum from $185.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, March 15th. Barclays raised their price target on Marathon Petroleum from $168.00 to $221.00 and gave the company an "overweight" rating in a report on Friday, April 5th. Raymond James upped their price objective on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, January 31st. Finally, Scotiabank lifted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $193.62.

Marathon Petroleum 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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