Desjardins Global Asset Management Inc. Has $794,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Desjardins Global Asset Management Inc. boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 118.3% during the 4th quarter, HoldingsChannel reports. The firm owned 5,355 shares of the oil and gas company’s stock after buying an additional 2,902 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Marathon Petroleum were worth $794,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MPC. Gleason Group Inc. boosted its position in Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at $32,000. True Wealth Design LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at $38,000. Almanack Investment Partners LLC. acquired a new position in Marathon Petroleum in the 3rd quarter worth about $38,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $40,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

NYSE MPC opened at $202.42 on Thursday. The company’s fifty day moving average is $188.46 and its two-hundred day moving average is $164.38. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm has a market capitalization of $72.94 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.94 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same period last year, the business earned $6.65 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum Co. will post 17.53 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Piper Sandler upped their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Finally, TD Cowen upped their price target on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Company 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.