Marathon Petroleum Co. (NYSE:MPC) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in Marathon Petroleum Co. (NYSE:MPC) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,787 shares of the oil and gas company’s stock after buying an additional 319 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Marathon Petroleum were worth $1,505,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MPC. Czech National Bank raised its holdings in Marathon Petroleum by 1.5% in the third quarter. Czech National Bank now owns 68,178 shares of the oil and gas company’s stock valued at $11,107,000 after buying an additional 1,038 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Marathon Petroleum by 5.4% during the third quarter. GAMMA Investing LLC now owns 10,856 shares of the oil and gas company’s stock valued at $1,769,000 after acquiring an additional 558 shares during the period. Everpar Advisors LLC lifted its holdings in Marathon Petroleum by 14.3% in the third quarter. Everpar Advisors LLC now owns 2,081 shares of the oil and gas company’s stock worth $339,000 after purchasing an additional 261 shares during the period. Smith Anglin Financial LLC lifted its holdings in Marathon Petroleum by 5.9% in the third quarter. Smith Anglin Financial LLC now owns 1,371 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 76 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Marathon Petroleum by 2.2% in the third quarter. Fulton Bank N.A. now owns 9,510 shares of the oil and gas company’s stock worth $1,549,000 after purchasing an additional 208 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Up 1.0 %

MPC stock opened at $147.17 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $146.26 and a two-hundred day moving average price of $157.96. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 2.77 and a beta of 1.41. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping the consensus estimate of $0.97 by $0.90. The company had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $8.14 EPS. Analysts anticipate that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has authorized a share repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.47%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 28.84%.

Analyst Ratings Changes

MPC has been the topic of several research reports. TD Cowen reiterated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Scotiabank lowered their target price on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays lowered their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Bank of America began coverage on Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.20.

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.