1,675 Marathon Petroleum Corporation $MPC Shares Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 94.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,446 shares of the oil and gas company’s stock after acquiring an additional 1,675 shares during the period. SBI Securities Co. Ltd.’s holdings in Marathon Petroleum were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPC. Marion Wealth Management purchased a new stake in Marathon Petroleum during the 3rd quarter valued at approximately $244,000. Kooman & Associates purchased a new position in shares of Marathon Petroleum in the 3rd quarter valued at approximately $265,000. Diligent Investors LLC purchased a new position in shares of Marathon Petroleum in the 3rd quarter valued at approximately $302,000. Cardinal Point Capital Management ULC increased its holdings in shares of Marathon Petroleum by 62.3% in the third quarter. Cardinal Point Capital Management ULC now owns 1,623 shares of the oil and gas company’s stock valued at $642,000 after purchasing an additional 623 shares during the period. Finally, Oakmont Investment Advisors Inc. acquired a new position in shares of Marathon Petroleum in the third quarter valued at approximately $673,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $457.00 on Friday. The firm has a market capitalization of $133.42 billion, a P/E ratio of 15.71, a PEG ratio of 0.12 and a beta of 0.54. Marathon Petroleum Corporation has a one year low of $161.93 and a one year high of $493.98. The company’s fifty day moving average is $410.05 and its two-hundred day moving average is $316.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter last year, the firm posted $3.96 EPS. The business’s revenue was up 53.5% compared to the same quarter last year. Analysts forecast that Marathon Petroleum Corporation will post 64.12 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 0.9%. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MPC shares. The Goldman Sachs Group upped their price objective on shares of Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Piper Sandler boosted their price target on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Raymond James Financial increased their price target on shares of Marathon Petroleum from $350.00 to $445.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Barclays raised their price objective on shares of Marathon Petroleum from $321.00 to $488.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, TD Cowen lifted their price objective on Marathon Petroleum from $450.00 to $478.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $424.31.

Insider Activity

In related news, SVP Shawn M. Lyon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $375.75, for a total value of $375,750.00. Following the sale, the senior vice president owned 11,194 shares in the company, valued at $4,206,145.50. This represents a 8.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the transaction, the insider directly owned 30,334 shares of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 21,691 shares of company stock worth $7,780,127. Company insiders own 0.17% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.