United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $837,000 in Marathon Petroleum Co. (NYSE:MPC)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Marathon Petroleum Co. (NYSE:MPC) in the 4th quarter, HoldingsChannel.com reports. The fund bought 6,000 shares of the oil and gas company’s stock, valued at approximately $837,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock worth $911,274,000 after purchasing an additional 4,328,470 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Marathon Petroleum by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company’s stock worth $670,151,000 after buying an additional 315,786 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Marathon Petroleum by 22.3% during the fourth 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. Boston Partners lifted its holdings in shares of Marathon Petroleum by 37.4% during the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company’s stock valued at $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Marathon Petroleum by 18.0% during the 4th quarter. Amundi now owns 2,807,566 shares of the oil and gas company’s stock valued at $398,388,000 after buying an additional 428,708 shares during the period. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares of the company’s stock, valued at approximately $1,638,464.64. The trade was a 19.68 % 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 insiders.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Mizuho cut their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reissued a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.21.

Marathon Petroleum Stock Down 0.0 %

Marathon Petroleum stock opened at $148.62 on Wednesday. The stock’s 50 day moving average price is $149.06 and its 200 day moving average price is $151.77. The company has a market cap of $46.30 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the previous year, the firm earned $3.98 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.