Mitsubishi UFJ Trust & Banking Corp Reduces Position in Marathon Petroleum Corporation $MPC

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 6.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,083 shares of the oil and gas company’s stock after selling 12,651 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Marathon Petroleum were worth $34,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Delos Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at approximately $25,000. Activest Wealth Management raised its holdings in Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. NewSquare Capital LLC boosted its stake in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. WFA of San Diego LLC bought a new position in Marathon Petroleum during the 2nd quarter valued at $33,000. Finally, Transce3nd LLC grew its holdings in 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. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 0.2%

NYSE:MPC opened at $175.39 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average of $179.65 and a 200-day moving average of $180.71. The firm has a market capitalization of $52.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The business had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. Analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $1.00 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. Marathon Petroleum’s payout ratio is currently 42.64%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho increased their price target on shares of Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. BMO Capital Markets cut their price objective on Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Wells Fargo & Company decreased their target price on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. TD Cowen lowered their price target on Marathon Petroleum from $195.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $196.67.

Marathon Petroleum Company Profile

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.