Dymon Asia Capital Singapore PTE. LTD. Has $2.12 Million Position in Marathon Petroleum Corporation $MPC

Dymon Asia Capital Singapore PTE. LTD. lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 85.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,057 shares of the oil and gas company’s stock after acquiring an additional 6,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD.’s holdings in Marathon Petroleum were worth $2,123,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alberta Investment Management Corp acquired a new position in shares of Marathon Petroleum during the 3rd quarter valued at $2,891,000. Diversified Trust Co. raised its holdings in Marathon Petroleum by 39.3% during the fourth quarter. Diversified Trust Co. now owns 15,675 shares of the oil and gas company’s stock worth $2,549,000 after buying an additional 4,419 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Marathon Petroleum during the third quarter worth $1,004,000. KBC Group NV raised its holdings in Marathon Petroleum by 22.4% during the fourth quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock worth $36,728,000 after buying an additional 41,259 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Marathon Petroleum during the fourth quarter worth $791,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPC. JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $235.00 to $257.00 in a report on Wednesday, May 6th. TD Cowen upped their price objective on shares of Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James Financial upped their price objective on shares of Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $272.94.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $263.10 on Friday. The firm has a 50-day moving average of $244.57 and a 200-day moving average of $212.40. The company has a market cap of $76.81 billion, a P/E ratio of 17.17, a P/E/G ratio of 0.41 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73. Marathon Petroleum Corporation has a one year low of $158.00 and a one year high of $272.46.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.91. The company had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Equities research analysts forecast that Marathon Petroleum Corporation will post 31.05 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $1.00 per share. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 annualized dividend and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Trending Headlines about Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum was added to the Dow Jones Best-in-Class Indices after earning a top-quartile ESG score in the S&P Global Corporate Sustainability Assessment, which can support demand from sustainability-focused investors. Marathon Petroleum Named to Dow Jones Best-in-Class Indices
• Positive Sentiment: Wells Fargo raised its price target on MPC to $344 from $335, signaling continued analyst confidence and implying meaningful upside from current levels. Wells Fargo adjusts Marathon Petroleum price target
• Positive Sentiment: Zacks added MPC to its Rank #1 (Strong Buy) growth stocks list, reinforcing the view that the company remains attractive for growth and momentum investors. Best Growth Stocks to Buy for June 12th
• Positive Sentiment: Another Zacks note highlighted MPC as a strong momentum stock, which may be helping traders bid the shares higher in the near term. What Makes Marathon Petroleum (MPC) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Investor commentary across several articles argued that MPC screens as a potentially attractive buy based on valuation and refining fundamentals, but these pieces were opinion-driven rather than new company-specific announcements. Is Marathon Petroleum Corporation (MPC) A Good Stock To Buy Now?

Insiders Place Their Bets

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Marathon Petroleum 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.