Commerzbank Aktiengesellschaft FI Buys Shares of 2,130 Marathon Petroleum Corporation $MPC

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,130 shares of the oil and gas company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in Marathon Petroleum during the second quarter valued at about $27,000. Main Street Group LTD bought a new position in Marathon Petroleum in the 1st quarter worth approximately $35,000. Cedar Mountain Advisors LLC purchased a new position in Marathon Petroleum during the first quarter valued at $40,000. Navalign LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares of the company’s stock, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MPC shares. Bank of America lifted their price target on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Evercore set a $330.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 5th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a research report on Sunday, July 12th. Finally, UBS Group reiterated a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a report on Friday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $312.50.

Marathon Petroleum Stock Performance

NYSE MPC opened at $366.79 on Wednesday. Marathon Petroleum Corporation has a fifty-two week low of $161.80 and a fifty-two week high of $367.24. The firm has a market capitalization of $107.08 billion, a P/E ratio of 12.61, a PEG ratio of 0.23 and a beta of 0.52. The stock has a 50-day simple moving average of $291.36 and a two-hundred day simple moving average of $250.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period last year, the firm earned $3.96 EPS. On average, equities analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum’s payout ratio is 13.75%.

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.