Nomura Asset Management Co. Ltd. Increases Stock Position in Marathon Petroleum Corporation $MPC

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,943 shares of the oil and gas company’s stock after buying an additional 11,790 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.05% of Marathon Petroleum worth $26,236,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Marathon Petroleum by 15.4% in the first quarter. Kestra Private Wealth Services LLC now owns 18,421 shares of the oil and gas company’s stock valued at $2,684,000 after purchasing an additional 2,457 shares during the last quarter. OneAscent Financial Services LLC grew its stake in Marathon Petroleum by 66.6% in the first quarter. OneAscent Financial Services LLC now owns 4,393 shares of the oil and gas company’s stock valued at $641,000 after purchasing an additional 1,756 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in Marathon Petroleum by 233.1% in the first quarter. J.W. Cole Advisors Inc. now owns 9,845 shares of the oil and gas company’s stock worth $1,434,000 after purchasing an additional 6,889 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Marathon Petroleum by 1,700.3% during the first quarter. Los Angeles Capital Management LLC now owns 33,954 shares of the oil and gas company’s stock valued at $4,947,000 after buying an additional 32,068 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.8%

NYSE MPC opened at $199.44 on Wednesday. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $202.29. The company has a fifty day simple moving average of $190.28 and a two-hundred day simple moving average of $175.35. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $59.95 billion, a P/E ratio of 21.26, a P/E/G ratio of 3.74 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. On average, analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s dividend payout ratio is presently 38.81%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPC. Wall Street Zen raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Wells Fargo & Company lowered their target price on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. upped their price target on Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Mizuho increased their price objective on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Finally, UBS Group raised their price objective on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $202.14.

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.