Marathon Petroleum Co. (NYSE:MPC) Stake Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,025,161 shares of the oil and gas company’s stock after selling 85,631 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Marathon Petroleum worth $152,093,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MPC. Moneta Group Investment Advisors LLC lifted its holdings in Marathon Petroleum by 121,130.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,942,426 shares of the oil and gas company’s stock valued at $458,859,000 after acquiring an additional 3,939,174 shares during the last quarter. Norges Bank acquired a new position in Marathon Petroleum in the fourth quarter worth approximately $453,190,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Marathon Petroleum by 22,119.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock valued at $190,449,000 after buying an additional 2,217,443 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum during the 3rd quarter worth $109,099,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Marathon Petroleum by 127.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock worth $186,536,000 after acquiring an additional 689,576 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Wells Fargo & Company raised their target price on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Piper Sandler raised their price objective on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Raymond James increased their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Mizuho increased their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday. Five equities 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 has an average rating of “Moderate Buy” and a consensus target price of $193.77.

Marathon Petroleum Stock Down 0.8 %

Shares of Marathon Petroleum stock opened at $207.02 on Tuesday. The stock has a 50 day moving average price of $187.05 and a two-hundred day moving average price of $163.74. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11. The stock has a market capitalization of $74.60 billion, a P/E ratio of 8.80, a PEG ratio of 1.98 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The firm had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.65 EPS. Equities analysts expect that Marathon Petroleum Co. will post 17.53 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a $0.825 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a dividend yield of 1.59%. Marathon Petroleum’s dividend payout ratio is 14.02%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate 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.