United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $2.59 Million Holdings in Marathon Petroleum Corporation $MPC

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,900 shares of the oil and gas company’s stock after buying an additional 2,700 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Marathon Petroleum were worth $2,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Assenagon Asset Management S.A. boosted its position in Marathon Petroleum by 332.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 320,499 shares of the oil and gas company’s stock valued at $52,123,000 after buying an additional 246,384 shares in the last quarter. Merewether Investment Management LP acquired a new position in Marathon Petroleum in the second quarter valued at about $35,548,000. Amundi boosted its position in Marathon Petroleum by 11.8% in the third quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock valued at $314,830,000 after buying an additional 172,172 shares in the last quarter. Boston Partners boosted its position in Marathon Petroleum by 2.3% in the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after buying an additional 141,691 shares in the last quarter. Finally, Credit Agricole S A acquired a new position in Marathon Petroleum in the third quarter valued at about $20,370,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 4,473 shares of company stock valued at $1,015,428 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Stock Down 1.1%

Shares of NYSE:MPC opened at $248.45 on Friday. Marathon Petroleum Corporation has a 52 week low of $155.93 and a 52 week high of $264.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The company has a market capitalization of $72.53 billion, a PE ratio of 16.22, a PEG ratio of 0.40 and a beta of 0.53. The company has a 50 day moving average price of $240.26 and a two-hundred day moving average price of $207.70.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts forecast that Marathon Petroleum Corporation will post 30.05 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MPC. Citigroup upped their target price on shares of Marathon Petroleum from $243.00 to $257.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating on shares of Marathon Petroleum in a research report on Wednesday, May 6th. UBS Group set a $285.00 target price on shares of Marathon Petroleum in a research report on Wednesday, May 6th. Bank of America upped their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus target price of $268.50.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was upgraded to Zacks Rank #1 (Strong Buy), signaling stronger earnings expectations and a more favorable near-term outlook. What Makes Marathon Petroleum (MPC) a New Strong Buy Stock
• Positive Sentiment: MPC appeared on Zacks’ momentum, value, and growth stock screens, which reinforces investor interest from multiple angles. Best Momentum Stock to Buy for May 28th
• Positive Sentiment: The stock was also added to Zacks’ “New Strong Buy” and “Best Growth Stocks” lists, which may help sustain bullish sentiment among traders and growth-focused investors. New Strong Buy Stocks for May 28th
• Positive Sentiment: Marathon Petroleum was highlighted in a Zacks energy growth-stock article alongside other names benefiting from supply risks and strong demand, suggesting the sector backdrop remains supportive. 3 Energy Growth Stocks Riding Supply Risks and Strong Demand

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.