MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $7.01 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,766 shares of the oil and gas company’s stock after selling 5,636 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Marathon Petroleum were worth $7,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. NBC Securities Inc. increased its position in Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after buying an additional 55 shares during the last quarter. Guidance Capital Inc. increased its holdings in shares of Marathon Petroleum by 1.1% during 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 acquiring an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Marathon Petroleum by 27.3% in the 1st 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 in the last quarter. First Financial Corp IN lifted its holdings in Marathon Petroleum by 2.5% in the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares during the last quarter. Finally, Marino Stram & Associates LLC boosted its position in Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after purchasing an additional 60 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Bank of America upped their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Piper Sandler lowered their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Finally, Barclays cut their price target on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $191.31.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $0.65 during trading on Tuesday, hitting $174.14. 2,530,612 shares of the company’s stock traded hands, compared to its average volume of 2,719,690. Marathon Petroleum Co. has a twelve month low of $112.82 and a twelve month high of $221.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.99. The company has a market cap of $61.35 billion, a PE ratio of 8.68, a PEG ratio of 1.62 and a beta of 1.40. The firm’s fifty day moving average price is $178.24 and its 200 day moving average price is $176.13.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.25. The company had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $6.09 EPS. Analysts forecast that Marathon Petroleum Co. will post 17.85 earnings per share for the current year.

Marathon Petroleum declared that its board has approved a share buyback plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.825 per share. The ex-dividend date was Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.90%. Marathon Petroleum’s payout ratio is presently 16.48%.

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.