MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 4,270 Shares of Marathon Petroleum Co. (NYSE:MPC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,391 shares of the oil and gas company’s stock after acquiring an additional 4,270 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Marathon Petroleum were worth $5,440,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its holdings 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 stake in shares of Marathon Petroleum by 1.1% in the 1st 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. WR Wealth Planners LLC raised its position in shares of Marathon Petroleum by 15.2% during the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of Marathon Petroleum by 27.3% during the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 59 shares during the period. Finally, First Financial Corp IN boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $164.26 on Monday. The company has a fifty day moving average price of $168.89 and a 200 day moving average price of $177.06. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The firm has a market cap of $57.87 billion, a PE ratio of 8.20, a PEG ratio of 2.65 and a beta of 1.37. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter last year, the firm earned $5.32 EPS. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s payout ratio is 16.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MPC shares. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. Mizuho reduced their price objective on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $190.73.

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.