Asset Management One Co. Ltd. Sells 12,149 Shares of Marathon Petroleum Co. (NYSE:MPC)

Asset Management One Co. Ltd. lessened its stake in Marathon Petroleum Co. (NYSE:MPCGet Rating) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,820 shares of the oil and gas company’s stock after selling 12,149 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Marathon Petroleum were worth $23,821,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Credit Agricole S A purchased a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Marathon Petroleum in the second quarter valued at $29,000. JFS Wealth Advisors LLC grew its position in shares of Marathon Petroleum by 49.8% in the second quarter. JFS Wealth Advisors LLC now owns 376 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Marathon Petroleum during the third quarter valued at $32,000. Finally, MBM Wealth Consultants LLC boosted its stake in Marathon Petroleum by 41.3% during the third quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 100 shares during the period. Institutional investors own 76.48% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $130.21 on Wednesday. The company’s 50 day moving average is $117.39 and its 200 day moving average is $106.57. The company has a quick ratio of 1.19, a current ratio of 1.66 and a debt-to-equity ratio of 0.78. Marathon Petroleum Co. has a 52-week low of $68.74 and a 52-week high of $143.28. The firm has a market cap of $61.02 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 0.26 and a beta of 1.59.

Marathon Petroleum (NYSE:MPCGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The oil and gas company reported $7.81 EPS for the quarter, topping the consensus estimate of $6.80 by $1.01. Marathon Petroleum had a net margin of 6.82% and a return on equity of 34.82%. The business had revenue of $47.24 billion during the quarter, compared to the consensus estimate of $35.67 billion. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 25.11 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th were paid a dividend of $0.75 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.58. This represents a $3.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Tuesday, November 15th. Marathon Petroleum’s payout ratio is presently 13.18%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, VP Timothy J. Aydt sold 7,477 shares of Marathon Petroleum stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $126.54, for a total value of $946,139.58. Following the completion of the transaction, the vice president now owns 16,762 shares of the company’s stock, valued at $2,121,063.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Timothy J. Aydt sold 7,477 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $126.54, for a total transaction of $946,139.58. Following the completion of the sale, the vice president now owns 16,762 shares of the company’s stock, valued at $2,121,063.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Shawn M. Lyon sold 12,053 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $121.65, for a total transaction of $1,466,247.45. Following the sale, the senior vice president now directly owns 14,660 shares of the company’s stock, valued at approximately $1,783,389. The disclosure for this sale can be found here. Insiders sold 212,070 shares of company stock worth $25,617,038 over the last three months. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MPC shares. Mizuho reaffirmed a “neutral” rating and set a $133.00 price target (up previously from $125.00) on shares of Marathon Petroleum in a research note on Tuesday, January 10th. Jefferies Financial Group began coverage on Marathon Petroleum in a report on Wednesday, October 19th. They issued a “hold” rating and a $119.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Marathon Petroleum from $126.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. Raymond James boosted their price target on Marathon Petroleum from $150.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, January 13th. Finally, StockNews.com upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday, January 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Marathon Petroleum Company Profile

(Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

See Also

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.