Marathon Petroleum Co. (NYSE:MPC) Stake Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,344 shares of the oil and gas company’s stock after buying an additional 1,237 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Marathon Petroleum were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Marathon Petroleum by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,485,925 shares of the oil and gas company’s stock valued at $346,787,000 after buying an additional 67,913 shares during the last quarter. Reaves W H & Co. Inc. bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $18,833,000. Auxano Advisors LLC raised its holdings in Marathon Petroleum by 4.3% during the fourth quarter. Auxano Advisors LLC now owns 2,643 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 109 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Marathon Petroleum by 2.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 78 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $133,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 2.2 %

Shares of NYSE MPC opened at $142.68 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The business has a 50-day moving average price of $148.53 and a two-hundred day moving average price of $154.95. The firm has a market capitalization of $45.86 billion, a PE ratio of 14.37, a PEG ratio of 3.11 and a beta of 1.41.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is 36.66%.

Marathon Petroleum declared that its Board of Directors has approved a share buyback plan on Tuesday, November 5th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 10% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MPC has been the topic of several recent analyst reports. TD Cowen reissued a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Mizuho dropped their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Raymond James lifted their price target on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $181.27.

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.