Marathon Petroleum Co. (NYSE:MPC) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,791 shares of the oil and gas company’s stock after buying an additional 264 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Marathon Petroleum were worth $6,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC increased its holdings in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Marathon Petroleum in the first quarter worth $29,000. Wellington Shields & Co. LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth $40,000. TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum during the second quarter valued at $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $35,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on MPC shares. Jefferies Financial Group lifted their price target on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Morgan Stanley dropped their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wolfe Research started coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target on the stock. BMO Capital Markets decreased their price objective on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Mizuho cut their price objective on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.00.

Marathon Petroleum Price Performance

NYSE:MPC opened at $158.30 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11. The stock’s 50-day moving average price is $167.72 and its 200-day moving average price is $175.65. The stock has a market capitalization of $55.77 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. Marathon Petroleum’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $5.32 earnings per share. As a group, equities analysts expect that Marathon Petroleum Co. will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

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.