Parkside Financial Bank & Trust Acquires 87 Shares of Marathon Petroleum Co. (NYSE:MPC)

Parkside Financial Bank & Trust increased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,598 shares of the oil and gas company’s stock after purchasing an additional 87 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Marathon Petroleum were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Aspire Private Capital LLC raised its holdings in shares of Marathon Petroleum by 4.4% during the third quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 145 shares during the period. Allworth Financial LP raised its holdings in shares of Marathon Petroleum by 3.2% in the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 340 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of Marathon Petroleum by 9.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after acquiring an additional 48,540 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth about $738,000. Finally, Whittier Trust Co. raised its holdings in shares of Marathon Petroleum by 6.4% in the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock worth $1,324,000 after acquiring an additional 537 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

NYSE MPC traded down $2.22 on Wednesday, hitting $197.43. The stock had a trading volume of 362,850 shares, compared to its average volume of 2,771,036. 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 quick ratio of 1.13 and a current ratio of 1.59. The company has a market capitalization of $71.14 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52. The firm has a 50-day moving average of $190.68 and a 200-day moving average of $165.99.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same period in the prior year, the company posted $6.65 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 14.02%.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction on 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 owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MPC. TD Cowen upped their price objective on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. 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 research report on Friday, April 5th. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Mizuho upped their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Scotiabank increased their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.77.

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.