Norinchukin Bank The Buys 1,502 Shares of Marathon Petroleum Co. (NYSE:MPC)

Norinchukin Bank The increased its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,022 shares of the oil and gas company’s stock after buying an additional 1,502 shares during the quarter. Norinchukin Bank The’s holdings in Marathon Petroleum were worth $2,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. OLD Second National Bank of Aurora grew its stake in shares of Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock worth $139,000 after acquiring an additional 67 shares in the last quarter. Nixon Peabody Trust Co. grew its position in Marathon Petroleum by 3.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 68 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in Marathon Petroleum by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after buying an additional 69 shares during the last quarter. DT Investment Partners LLC lifted its position in shares of Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock worth $55,000 after buying an additional 70 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock worth $303,000 after buying an additional 71 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on MPC shares. Piper Sandler decreased their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Scotiabank lowered their target price on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Barclays reduced their price target on shares of Marathon Petroleum from $161.00 to $141.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight 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 an average rating of “Moderate Buy” and a consensus target price of $175.79.

Insider Activity

In other news, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Evan Bayh purchased 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

Marathon Petroleum Trading Up 2.8 %

Shares of Marathon Petroleum stock opened at $127.55 on Monday. The company’s 50-day moving average price is $140.81 and its 200-day moving average price is $147.27. The company has a market cap of $39.74 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $201.36. The company has a current ratio of 1.23, a quick ratio of 0.76 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 EPS for the quarter, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $3.98 EPS. On average, equities analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.85%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

About Marathon Petroleum

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.