11,100 Shares in Marathon Petroleum Co. (NYSE:MPC) Bought by AIA Group Ltd

AIA Group Ltd purchased a new position in shares of Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 11,100 shares of the oil and gas company’s stock, valued at approximately $1,647,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum during the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners purchased a new position in Marathon Petroleum during the 4th quarter worth $40,000. Mascoma Wealth Management LLC purchased a new position in Marathon Petroleum during the 3rd quarter worth $43,000. Peoples Bank KS purchased a new position in Marathon Petroleum during the 3rd quarter worth $44,000. Finally, Exchange Traded Concepts LLC grew its position in Marathon Petroleum by 811.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 284 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.7 %

MPC stock opened at $196.35 on Friday. The company has a market cap of $70.75 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.92 and a beta of 1.52. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The company’s 50-day moving average price is $188.96 and its 200 day moving average price is $164.59. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.65 earnings per share. On average, research analysts expect that Marathon Petroleum Co. will post 17.57 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s payout ratio is currently 14.02%.

Analyst Ratings Changes

MPC has been the topic of several research reports. Barclays raised their price objective on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Mizuho lifted their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, April 12th. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. JPMorgan Chase & Co. lifted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Scotiabank lifted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.77.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.

About Marathon Petroleum

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.