Tokio Marine Asset Management Co. Ltd. Has $1.55 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,446 shares of the oil and gas company’s stock after purchasing an additional 131 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Marathon Petroleum were worth $1,550,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $32,000. Tennessee Valley Asset Management Partners bought a new position in shares of Marathon Petroleum during the fourth quarter worth about $40,000. Peoples Bank KS bought a new position in shares of Marathon Petroleum during the third quarter worth about $44,000. Finally, Exchange Traded Concepts LLC grew its stake in Marathon Petroleum by 811.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MPC shares. TD Cowen raised their price target on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler raised their price target on Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Scotiabank boosted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Five investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of MPC traded down $3.27 during midday trading on Friday, reaching $196.24. 136,999 shares of the stock were exchanged, compared to its average volume of 2,733,656. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a market cap of $70.71 billion, a P/E ratio of 8.48, a PEG ratio of 1.62 and a beta of 1.52. The stock’s 50 day simple moving average is $191.83 and its 200 day simple moving average is $166.46. 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 (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. During the same period last year, the firm earned $6.65 earnings per share. Marathon Petroleum’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is 14.02%.

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.