Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,424 shares of the oil and gas company’s stock after selling 1,314 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Marathon Petroleum were worth $9,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the fourth quarter worth $27,000. Asset Planning Inc acquired a new stake in Marathon Petroleum in the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $31,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after buying an additional 267 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Scotiabank cut their price objective on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Raymond James cut their price target on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $175.29.

Marathon Petroleum Trading Up 0.1%

Shares of MPC stock opened at $160.25 on Tuesday. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The firm’s 50-day simple moving average is $144.11 and its 200-day simple moving average is $146.08. The firm has a market cap of $49.23 billion, a P/E ratio of 16.14, a PEG ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The company had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. As a group, equities analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.27%. Marathon Petroleum’s dividend payout ratio is presently 51.20%.

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.