Moody National Bank Trust Division cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,122 shares of the oil and gas company’s stock after selling 830 shares during the quarter. Moody National Bank Trust Division’s holdings in Marathon Petroleum were worth $1,993,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ten Capital Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $29,000. McClarren Financial Advisors Inc. acquired a new position in Marathon Petroleum in the 3rd quarter valued at $32,000. MBM Wealth Consultants LLC grew its holdings in Marathon Petroleum by 41.3% in the 3rd quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. Homestead Advisers Corp acquired a new position in Marathon Petroleum in the 3rd quarter valued at $35,000. Finally, Almanack Investment Partners LLC. acquired a new position in Marathon Petroleum in the 3rd quarter valued at $38,000. 76.48% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Jefferies Financial Group raised Marathon Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $134.00 to $157.00 in a report on Friday, March 3rd. StockNews.com began coverage on Marathon Petroleum in a report on Thursday. They set a “strong-buy” rating on the stock. Mizuho raised Marathon Petroleum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $133.00 to $160.00 in a report on Friday, March 10th. Barclays increased their target price on Marathon Petroleum from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, January 9th. Finally, Wells Fargo & Company increased their target price on Marathon Petroleum from $133.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of “Buy” and an average price target of $138.63.
Insider Buying and Selling
Marathon Petroleum Price Performance
Shares of NYSE MPC traded down $1.50 during midday trading on Friday, reaching $123.66. 13,118,665 shares of the company were exchanged, compared to its average volume of 3,962,184. Marathon Petroleum Co. has a one year low of $76.06 and a one year high of $136.46. The stock has a market cap of $54.61 billion, a P/E ratio of 4.33, a PEG ratio of 0.22 and a beta of 1.60. The company has a quick ratio of 1.32, a current ratio of 1.76 and a debt-to-equity ratio of 0.75. The stock’s 50-day moving average price is $125.04 and its 200-day moving average price is $115.14.
Marathon Petroleum (NYSE:MPC – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $6.65 earnings per share for the quarter, topping analysts’ consensus estimates of $5.54 by $1.11. The business had revenue of $39.82 billion for the quarter, compared to analyst estimates of $35.29 billion. Marathon Petroleum had a return on equity of 41.55% and a net margin of 8.07%. Marathon Petroleum’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 19.88 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 16th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.43%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 10.49%.
About Marathon Petroleum
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.
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