Mitsubishi UFJ Trust & Banking Corp Has $32.02 Million Stock Position in Marathon Petroleum Corporation $MPC

Mitsubishi UFJ Trust & Banking Corp lowered its position in Marathon Petroleum Corporation (NYSE:MPC) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,734 shares of the oil and gas company’s stock after selling 20,267 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Marathon Petroleum were worth $32,015,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Activest Wealth Management raised its position in Marathon Petroleum by 290.2% during 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. CBIZ Investment Advisory Services LLC increased its stake in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 201 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth $32,000. NewSquare Capital LLC lifted its stake in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in Marathon Petroleum by 46.1% in the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

MPC has been the topic of several recent research reports. Bank of America raised their target price on Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research note on Thursday, October 9th. Mizuho upped their target price on Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, September 15th. Piper Sandler increased their price target on Marathon Petroleum from $184.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Marathon Petroleum Stock Down 1.1%

MPC stock opened at $194.75 on Friday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.25. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $58.54 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The business’s 50-day simple moving average is $189.25 and its 200 day simple moving average is $173.59.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.1%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 38.81%.

Marathon Petroleum Company Profile

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.