Nomura Asset Management Co. Ltd. Has $19.38 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Nomura Asset Management Co. Ltd. lowered its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 138,914 shares of the oil and gas company's stock after selling 4,723 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Marathon Petroleum were worth $19,379,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at approximately $1,192,000. Easterly Investment Partners LLC increased its stake in Marathon Petroleum by 10.1% during the fourth quarter. Easterly Investment Partners LLC now owns 62,739 shares of the oil and gas company's stock valued at $8,752,000 after purchasing an additional 5,744 shares during the last quarter. Norges Bank bought a new position in shares of Marathon Petroleum in the 4th quarter worth about $453,427,000. Blair William & Co. IL boosted its holdings in shares of Marathon Petroleum by 10.2% in the 4th quarter. Blair William & Co. IL now owns 53,151 shares of the oil and gas company's stock valued at $7,415,000 after buying an additional 4,908 shares during the period. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $660,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded down $15.78 during mid-day trading on Thursday, reaching $132.12. 986,213 shares of the company traded hands, compared to its average volume of 2,631,905. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The firm has a market cap of $41.16 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The stock has a fifty day simple moving average of $148.53 and a 200-day simple moving average of $151.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

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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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for 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 firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $3.98 EPS. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.76%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Insider Transactions at Marathon Petroleum

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

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of research reports. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $180.29.

Marathon Petroleum 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.