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

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 610,186 shares of the oil and gas company’s stock after purchasing an additional 14,091 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Marathon Petroleum worth $117,607,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC increased its stake in Marathon Petroleum by 103.1% during the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. WFA of San Diego LLC acquired a new stake in Marathon Petroleum during the second quarter worth $33,000. Transce3nd LLC raised its position in Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 205 shares during the period. Finally, Stone House Investment Management LLC lifted its stake 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 purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $201.13 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $210.32. The firm has a market cap of $60.46 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company’s 50 day moving average is $181.48 and its two-hundred day moving average is $184.05.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion for the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday, January 22nd. Barclays reduced their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Finally, Wall Street Zen downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $202.19.

Marathon Petroleum 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.