Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in Marathon Petroleum Corporation $MPC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 610,186 shares of the oil and gas company’s stock after acquiring an additional 14,091 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Marathon Petroleum were worth $117,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth $25,000. NewSquare Capital LLC raised its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC purchased a new stake in Marathon Petroleum during the 2nd quarter worth about $33,000. Transce3nd LLC boosted its position in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares in the last quarter. Finally, Stone House Investment Management LLC increased its holdings in shares of Marathon Petroleum by 46.1% in the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 71 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $201.13 on Friday. The firm’s fifty day simple moving average is $181.48 and its 200-day simple moving average is $184.05. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $210.32. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.27 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. Marathon Petroleum’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 29.96%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MPC shares. Barclays decreased their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Mizuho raised their price objective on shares of Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Zacks Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Scotiabank reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Marathon Petroleum in a research report on Friday, January 16th. Finally, Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average price target of $202.19.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.