11,100 Shares in Marathon Petroleum Co. (NYSE:MPC) Purchased by AIA Group Ltd

AIA Group Ltd acquired a new position in Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,100 shares of the oil and gas company’s stock, valued at approximately $1,647,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aspire Private Capital LLC raised its position in Marathon Petroleum by 4.4% in the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock worth $523,000 after purchasing an additional 145 shares during the period. Allworth Financial LP increased its position in shares of Marathon Petroleum by 3.2% during the fourth quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 340 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of Marathon Petroleum by 9.1% during the third quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after acquiring an additional 48,540 shares during the period. Trust Point Inc. purchased a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $738,000. Finally, Whittier Trust Co. increased its position in shares of Marathon Petroleum by 6.4% during the fourth quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock worth $1,324,000 after acquiring an additional 537 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Trading Up 0.7 %

NYSE:MPC opened at $196.35 on Friday. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The firm has a fifty day simple moving average of $188.96 and a 200-day simple moving average of $164.59. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $70.75 billion, a P/E ratio of 8.29, a PEG ratio of 1.92 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same period in the previous year, the firm posted $6.65 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 17.57 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were issued a dividend of $0.825 per share. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank raised their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Barclays lifted their price objective on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Raymond James lifted their price objective on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

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.