Marathon Petroleum Co. (NYSE:MPC) Stock Position Cut by Schroder Investment Management Group

Schroder Investment Management Group trimmed its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 82.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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.

A number of other institutional investors also recently made changes to their positions in MPC. Benjamin Edwards Inc. bought a new position in Marathon Petroleum during the 3rd quarter valued at $803,000. IHT Wealth Management LLC boosted its stake in Marathon Petroleum by 15.0% during the third quarter. IHT Wealth Management LLC now owns 10,680 shares of the oil and gas company’s stock valued at $1,737,000 after buying an additional 1,397 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in Marathon Petroleum by 1.7% during the third quarter. Royal London Asset Management Ltd. now owns 188,934 shares of the oil and gas company’s stock worth $30,779,000 after acquiring an additional 3,188 shares during the period. Quarry LP bought a new stake in Marathon Petroleum in the third quarter worth about $500,000. Finally, Quantinno Capital Management LP lifted its holdings in Marathon Petroleum by 29.3% in the 3rd quarter. Quantinno Capital Management LP now owns 23,082 shares of the oil and gas company’s stock valued at $3,760,000 after acquiring an additional 5,232 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MPC. Raymond James reaffirmed a “strong-buy” rating and issued a $193.00 price objective on shares of Marathon Petroleum in a research note on Thursday, March 27th. Mizuho dropped their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. TD Cowen reissued a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Piper Sandler cut 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. Finally, Barclays lifted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.29.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents 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 owned by company insiders.

Marathon Petroleum Stock Down 5.9 %

MPC stock opened at $121.02 on Friday. The company has a 50 day moving average of $147.41 and a two-hundred day moving average of $150.77. The company has a market cap of $37.70 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 12-month low of $115.97 and a 12-month high of $221.11. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last announced 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. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same period in the previous year, the company earned $3.98 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.01%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.