Sumitomo Mitsui DS Asset Management Company Ltd Sells 1,372 Shares of Marathon Petroleum Co. (NYSE:MPC)

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,770 shares of the oil and gas company’s stock after selling 1,372 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Marathon Petroleum were worth $5,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MPC. Bruce G. Allen Investments LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $32,000. True Wealth Design LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $38,000. Almanack Investment Partners LLC. purchased a new stake in shares of Marathon Petroleum during the third quarter valued at $38,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $40,000. Finally, High Net Worth Advisory Group LLC purchased a new stake in shares of Marathon Petroleum during the first quarter valued at $43,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Up 0.7 %

NYSE MPC opened at $196.38 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The company has a market capitalization of $70.76 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.69 and a beta of 1.52. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The stock has a 50 day moving average price of $189.49 and a 200-day moving average price of $165.20.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. During the same quarter in the prior year, the firm posted $6.65 EPS. Marathon Petroleum’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum Co. will post 19.42 EPS 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 paid a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. Marathon Petroleum’s payout ratio is 14.02%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MPC shares. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Barclays increased their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. TD Cowen raised their target price on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, Piper Sandler raised their target price on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

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.