Marathon Petroleum Co. (NYSE:MPC) Holdings Trimmed by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,746 shares of the oil and gas company’s stock after selling 10,080 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Marathon Petroleum worth $32,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its stake in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 1st quarter valued at $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter worth $30,000. Vima LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter worth $30,000. Finally, Manchester Capital Management LLC raised its position in shares of Marathon Petroleum by 97.2% during the fourth quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 106 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.2 %

Shares of Marathon Petroleum stock opened at $163.54 on Wednesday. The firm has a market cap of $54.73 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.18 and a beta of 1.38. The stock has a 50-day simple moving average of $170.77 and a 200-day simple moving average of $180.35. Marathon Petroleum Co. has a 52-week low of $139.32 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the firm posted $5.32 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Marathon Petroleum Co. will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 2.02%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Tudor Pickering upgraded Marathon Petroleum to a “strong-buy” rating in a research report on Thursday, May 30th. StockNews.com downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Barclays reduced their price target on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, TD Cowen increased their target price on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.38.

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.