Universal Beteiligungs und Servicegesellschaft mbH Sells 36,923 Shares of Marathon Petroleum Corporation $MPC

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,431 shares of the oil and gas company’s stock after selling 36,923 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Marathon Petroleum worth $37,860,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at about $25,000. Activest Wealth Management grew its position in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. NewSquare Capital LLC increased its stake in 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 buying an additional 101 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $33,000. Finally, Transce3nd LLC boosted its stake in shares of Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MPC. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. UBS Group raised their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. BMO Capital Markets lowered their target price on Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.71.

Get Our Latest Report on MPC

Marathon Petroleum Stock Up 1.5%

MPC stock opened at $177.43 on Thursday. The stock has a fifty day moving average of $180.51 and a 200-day moving average of $180.74. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $202.29. The company has a market capitalization of $53.33 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC — Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. As a group, equities research analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio is currently 42.64%.

Marathon Petroleum Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC — Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Marathon Petroleum, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Marathon Petroleum wasn’t on the list.

While Marathon Petroleum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here