Meiji Yasuda Asset Management Co Ltd. Sells 6,501 Shares of Marathon Petroleum Co. (NYSE:MPC)

Meiji Yasuda Asset Management Co Ltd. cut its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 44.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,075 shares of the oil and gas company's stock after selling 6,501 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Marathon Petroleum were worth $1,126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $27,000. True Wealth Design LLC raised its holdings in shares of Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 148 shares during the period. Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at about $28,000. Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $31,000. Finally, Cape Investment Advisory Inc. raised its position in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 1.2 %

MPC stock traded up $1.75 during mid-day trading on Monday, reaching $145.85. 2,483,358 shares of the stock traded hands, compared to its average volume of 2,646,433. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11. The stock's fifty day moving average is $148.60 and its 200-day moving average is $151.35. The company has a market cap of $45.44 billion, a P/E ratio of 14.69, a P/E/G ratio of 3.11 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data 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. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same quarter last year, the business posted $3.98 EPS. The company's revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.50%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Wall Street Analysts Forecast Growth

MPC has been the subject of several recent research reports. TD Cowen restated a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays boosted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Wells Fargo & Company raised 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. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Mizuho dropped their price target 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. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.21.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the firm'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 completion of the transaction, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46 % 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 corporate insiders.

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.