Sumitomo Mitsui Trust Group Inc. Has $111.65 Million Stake in Marathon Petroleum Corporation $MPC

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Marathon Petroleum by 4.3% in Q4 to 686,506 shares worth $111.65 million, about 0.23% of the company.
• Analysts hold a consensus rating of "Moderate Buy" with a consensus target price of $232.88, amid mixed firm-level actions (Piper Sandler raised its target, Jefferies lowered theirs, Scotiabank upgraded to strong-buy).
• Marathon beat quarterly EPS estimates ($4.07 vs. $3.73) and pays a $1.00 quarterly dividend (annualized $4.00, ~1.8% yield, payout ratio ~30%).

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,506 shares of the oil and gas company's stock after selling 30,924 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Marathon Petroleum worth $111,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Marathon Petroleum in the third quarter valued at $39,000. IAG Wealth Partners LLC acquired a new stake in Marathon Petroleum in the third quarter valued at $39,000. WFA of San Diego LLC acquired a new stake in Marathon Petroleum in the second quarter valued at $33,000. Finally, Rialto Wealth Management LLC increased its holdings in Marathon Petroleum by 721.4% in the fourth quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 202 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPC. Piper Sandler increased their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the company a "neutral" rating in a report on Thursday, April 9th. Jefferies Financial Group decreased their price target on Marathon Petroleum from $216.00 to $205.00 and set a "buy" rating for the company in a report on Monday, January 26th. Wall Street Zen downgraded Marathon Petroleum from a "strong-buy" rating to a "buy" rating in a report on Saturday. Weiss Ratings downgraded Marathon Petroleum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 19th. Finally, Scotiabank upgraded Marathon Petroleum to a "strong-buy" rating in a report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.88.

Marathon Petroleum Stock Performance

Shares of MPC opened at $224.89 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a 50-day moving average of $219.20 and a 200-day moving average of $196.31. The company has a market cap of $66.23 billion, a PE ratio of 16.85, a P/E/G ratio of 0.44 and a beta of 0.58. Marathon Petroleum Corporation has a one year low of $121.69 and a one year high of $255.77.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. On average, equities research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.8%. Marathon Petroleum's dividend payout ratio (DPR) is currently 29.96%.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling sold 1,626 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares in the company, valued at $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 4,473 shares of company stock valued at $1,015,428. Company insiders own 0.17% of the company's stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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