First American Bank Sells 8,087 Shares of Marathon Petroleum Corporation $MPC

First American Bank decreased its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,801 shares of the oil and gas company’s stock after selling 8,087 shares during the quarter. First American Bank’s holdings in Marathon Petroleum were worth $4,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Delos Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $25,000. Activest Wealth Management raised its position in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at about $32,000. NewSquare Capital LLC boosted its position in shares of Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in Marathon Petroleum during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.0%

NYSE:MPC opened at $163.64 on Tuesday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $202.29. The firm has a 50-day moving average price of $187.41 and a two-hundred day moving average price of $180.29. The firm has a market cap of $49.19 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.01. The business had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

Analyst Ratings Changes

Several research firms have recently weighed in on MPC. Bank of America lifted their price objective on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. UBS Group increased their target price on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.07.

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.