Sit Investment Associates Inc. trimmed its holdings in Marathon Petroleum Corp (NYSE:MPC) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,235 shares of the oil and gas company’s stock after selling 24,740 shares during the quarter. Sit Investment Associates Inc. owned about 0.08% of Marathon Petroleum worth $24,692,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MPC. Bahl & Gaynor Inc. increased its position in Marathon Petroleum by 3.3% in the second quarter. Bahl & Gaynor Inc. now owns 6,317 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 200 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Marathon Petroleum by 7.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock worth $156,000 after buying an additional 200 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Marathon Petroleum by 6.1% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,413 shares of the oil and gas company’s stock worth $231,000 after buying an additional 252 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Marathon Petroleum by 1.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 19,748 shares of the oil and gas company’s stock worth $1,033,000 after buying an additional 280 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Marathon Petroleum by 3.8% during the 2nd quarter. Private Advisor Group LLC now owns 12,387 shares of the oil and gas company’s stock worth $670,000 after buying an additional 452 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.
In related news, VP Rodney P. Nichols sold 6,374 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total value of $413,863.82. Following the sale, the vice president now owns 74,674 shares in the company, valued at approximately $4,848,582.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas M. Kelley sold 35,604 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total value of $2,305,359.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,854 shares of company stock worth $9,482,177. Company insiders own 1.05% of the company’s stock.
Shares of Marathon Petroleum Corp (NYSE:MPC) opened at $68.69 on Friday. The company has a market capitalization of $33,550.00, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. Marathon Petroleum Corp has a 12 month low of $47.10 and a 12 month high of $73.53.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The firm had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. equities research analysts expect that Marathon Petroleum Corp will post 3.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.46 per share. The ex-dividend date is Tuesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s dividend payout ratio is currently 50.00%.
Several equities analysts have recently issued reports on MPC shares. Citigroup boosted their target price on Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Barclays boosted their target price on Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Credit Suisse Group started coverage on Marathon Petroleum in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 target price for the company. UBS Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $65.00 in a research report on Sunday, November 26th. Finally, Cowen reiterated a “buy” rating and issued a $60.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Marathon Petroleum currently has a consensus rating of “Buy” and a consensus target price of $72.75.
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Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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