Schroder Investment Management Group Decreases Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Schroder Investment Management Group lowered its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,500 shares of the oil and gas company's stock after selling 343,103 shares during the quarter. Schroder Investment Management Group's holdings in Marathon Petroleum were worth $10,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in MPC. SWS Partners lifted its holdings in Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after buying an additional 2,806 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Marathon Petroleum by 1,204.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock worth $75,757,000 after buying an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in Marathon Petroleum by 747.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock valued at $3,466,000 after buying an additional 18,764 shares during the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of Marathon Petroleum by 3.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock worth $22,483,000 after acquiring an additional 5,476 shares during the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after acquiring an additional 2,892 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Remove Ads

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded up $0.30 during midday trading on Monday, hitting $121.37. The company had a trading volume of 4,922,285 shares, compared to its average volume of 2,661,909. Marathon Petroleum Co. has a 12-month low of $112.74 and a 12-month high of $219.74. The company has a fifty day moving average of $147.41 and a two-hundred day moving average of $150.58. The company has a market cap of $37.81 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.98 earnings per share. On average, equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Insiders Place Their Bets

In related news, Director Evan Bayh acquired 1,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Mizuho cut their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Raymond James reissued a "strong-buy" rating and set a $193.00 price target on shares of Marathon Petroleum in a research report on Thursday, March 27th. Barclays lifted their target price on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Wells Fargo & Company upped their price target on Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.29.

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.