Parkside Financial Bank & Trust Raises Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Parkside Financial Bank & Trust increased its stake in Marathon Petroleum Co. (NYSE:MPC) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,598 shares of the oil and gas company’s stock after acquiring 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 and hedge funds also recently added to or reduced their stakes in MPC. Marino Stram & Associates LLC grew its holdings in shares of Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after buying an additional 60 shares in the last quarter. SteelPeak Wealth LLC grew its holdings in shares of Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after buying an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Marathon Petroleum by 4.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after buying an additional 67 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Marathon Petroleum by 7.2% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock worth $160,000 after buying an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC grew its holdings in shares of Marathon Petroleum by 1.6% during the third quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock worth $676,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Scotiabank boosted their price target 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. Bank of America boosted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Raymond James upped their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Citigroup assumed coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Down 1.1 %

Shares of MPC traded down $2.22 during mid-day trading on Wednesday, hitting $197.43. 362,850 shares of the company’s stock were exchanged, compared to its average volume of 2,771,036. The company has a market cap of $71.14 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.70 and a beta of 1.52. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two 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 stock’s 50-day moving average is $190.68 and its 200-day moving average is $165.99.

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 net margin of 6.44% and a return on equity of 30.58%. The firm had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. During the same period in the prior year, the firm earned $6.65 earnings per share. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.67%. Marathon Petroleum’s payout ratio is 14.02%.

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.