Integrated Advisors Network LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,354 shares of the oil and gas company’s stock after selling 165 shares during the period. Integrated Advisors Network LLC’s holdings in Marathon Petroleum were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Dfpg Investments LLC acquired a new position in Marathon Petroleum in the 4th quarter worth $786,000. Stock Yards Bank & Trust Co. lifted its holdings in Marathon Petroleum by 4.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,357 shares of the oil and gas company’s stock worth $1,554,000 after buying an additional 549 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Marathon Petroleum by 8.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 3,278 shares of the oil and gas company’s stock worth $379,000 after buying an additional 250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Marathon Petroleum by 40.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 146,841 shares of the oil and gas company’s stock worth $17,091,000 after buying an additional 41,919 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC acquired a new position in Marathon Petroleum in the 4th quarter worth $390,000. 76.48% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Suzanne Gagle sold 60,019 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $134.28, for a total value of $8,059,351.32. Following the completion of the transaction, the senior vice president now directly owns 45,997 shares in the company, valued at $6,176,477.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Kim K.W. Rucker sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $780,000.00. Following the transaction, the director now owns 34,950 shares in the company, valued at $4,543,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Suzanne Gagle sold 60,019 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $134.28, for a total transaction of $8,059,351.32. Following the transaction, the senior vice president now owns 45,997 shares in the company, valued at approximately $6,176,477.16. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.
Marathon Petroleum Price Performance
Marathon Petroleum (NYSE:MPC – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $6.65 EPS for the quarter, topping the consensus estimate of $5.54 by $1.11. Marathon Petroleum had a net margin of 8.07% and a return on equity of 41.55%. The firm had revenue of $39.82 billion during the quarter, compared to analysts’ expectations of $35.29 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. Marathon Petroleum’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts forecast that Marathon Petroleum Co. will post 20.89 EPS for the current year.
Marathon Petroleum Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Thursday, February 16th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, February 15th. Marathon Petroleum’s dividend payout ratio (DPR) is 10.49%.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Marathon Petroleum in a report on Thursday, March 16th. They issued a “strong-buy” rating on the stock. Wells Fargo & Company lowered shares of Marathon Petroleum from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $153.00 to $135.00 in a research note on Tuesday, April 18th. Morgan Stanley upped their target price on shares of Marathon Petroleum from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, January 20th. Raymond James upped their target price on shares of Marathon Petroleum from $155.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 1st. Finally, Jefferies Financial Group upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and upped their target price for the company from $134.00 to $157.00 in a research note on Friday, March 3rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.69.
About Marathon Petroleum
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.
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