OMERS ADMINISTRATION Corp Has $2.19 Million Position in Marathon Petroleum Co. (NYSE:MPC)

OMERS ADMINISTRATION Corp boosted its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,717 shares of the oil and gas company's stock after buying an additional 2,522 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Marathon Petroleum were worth $2,193,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after purchasing an additional 4,367,774 shares in the last quarter. Demars Financial Group LLC increased its stake in Marathon Petroleum by 16,338.3% in the 4th 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 buying an additional 4,151,722 shares during the last quarter. Norges Bank bought a new stake in Marathon Petroleum during the 4th quarter worth about $453,427,000. Boston Partners boosted its stake in shares of Marathon Petroleum by 37.4% during the 4th quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after buying an additional 935,042 shares during the last quarter. Finally, Pacer Advisors Inc. grew 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 valued at $495,595,000 after acquiring an additional 647,045 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the subject of several recent research reports. Barclays increased their price target on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley cut 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. Mizuho boosted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

Insider Transactions at Marathon Petroleum

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

MPC stock traded down $1.22 during mid-day trading on Friday, hitting $164.07. 2,836,057 shares of the company were exchanged, compared to its average volume of 2,715,949. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The business has a 50 day simple moving average of $139.76 and a 200-day simple moving average of $145.57. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $50.40 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $28.91 billion. During the same quarter last year, the business earned $2.58 EPS. The company's quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.22%. Marathon Petroleum's payout ratio is presently 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.