Daiwa Securities Group Inc. boosted its stake in Marathon Petroleum Corp (NYSE:MPC) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,135 shares of the oil and gas company’s stock after acquiring an additional 849 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Marathon Petroleum were worth $2,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in Marathon Petroleum in the 4th quarter worth approximately $121,000. Crow Point Partners LLC purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $128,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $135,000. MHI Funds LLC purchased a new position in Marathon Petroleum in the 4th quarter worth approximately $189,000. Finally, BB&T Investment Services Inc. boosted its holdings in Marathon Petroleum by 118.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 1,659 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Marathon Petroleum Corp (NYSE MPC) opened at $68.16 on Thursday. Marathon Petroleum Corp has a 52-week low of $47.78 and a 52-week high of $73.53. The stock has a market capitalization of $32,114.88, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 10.04% and a net margin of 4.60%. The company had revenue of $21.24 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same period in the prior year, the company posted $0.43 EPS. Marathon Petroleum’s quarterly revenue was up 22.9% on a year-over-year basis. equities research analysts anticipate that Marathon Petroleum Corp will post 5.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Wednesday, February 21st will be given a dividend of $0.46 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is currently 23.12%.

A number of equities analysts have weighed in on MPC shares. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Credit Suisse Group started coverage on Marathon Petroleum in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price target for the company. Barclays upped their price target on Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $89.00 price target on shares of Marathon Petroleum in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Marathon Petroleum presently has an average rating of “Buy” and an average price target of $74.08.

In related news, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total transaction of $2,305,359.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP C. Michael Palmer sold 17,298 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $64.55, for a total value of $1,116,585.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,276 shares of company stock worth $3,835,809. Corporate insiders own 1.05% of the company’s stock.

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About Marathon Petroleum

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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