Marathon Petroleum Co. (NYSE:MPC) Stock Position Raised by Intrust Bank NA

Intrust Bank NA increased its position in Marathon Petroleum Co. (NYSE:MPC) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,786 shares of the oil and gas company’s stock after acquiring an additional 98 shares during the period. Intrust Bank NA’s holdings in Marathon Petroleum were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MPC. Northern Trust Corp boosted its stake in shares of Marathon Petroleum by 1.0% during the 3rd quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock worth $685,088,000 after acquiring an additional 43,989 shares in the last quarter. Raymond James & Associates grew its stake in shares of Marathon Petroleum by 2.4% in the 4th quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock valued at $608,581,000 after purchasing an additional 96,753 shares during the period. Principal Financial Group Inc. lifted its holdings in Marathon Petroleum by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company’s stock valued at $415,673,000 after purchasing an additional 36,987 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Marathon Petroleum by 8.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company’s stock worth $347,365,000 after purchasing an additional 178,502 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Marathon Petroleum by 0.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,179,623 shares of the oil and gas company’s stock valued at $329,864,000 after purchasing an additional 11,622 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Down 5.3 %

Shares of Marathon Petroleum stock traded down $10.61 during midday trading on Tuesday, reaching $189.90. The company had a trading volume of 734,083 shares, compared to its average volume of 2,719,111. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The stock has a fifty day moving average price of $193.00 and a 200 day moving average price of $167.44. The firm has a market cap of $68.43 billion, a PE ratio of 8.52, a P/E/G ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.65 earnings per share. On average, equities analysts anticipate that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.74%. Marathon Petroleum’s payout ratio is presently 14.02%.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of analyst reports. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Barclays boosted their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Citigroup started coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They issued a “neutral” rating on the stock. Bank of America increased their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Finally, Piper Sandler boosted their price target on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $193.77.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the company’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 transaction, the director now owns 23,446 shares in the company, valued at $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.

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.