Centennial Bank AR Has $604,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

Centennial Bank AR decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,707 shares of the oil and gas company’s stock after selling 531 shares during the quarter. Centennial Bank AR’s holdings in Marathon Petroleum were worth $604,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MPC. Graypoint LLC grew its position in shares of Marathon Petroleum by 7.3% during the 1st quarter. Graypoint LLC now owns 2,412 shares of the oil and gas company’s stock worth $486,000 after buying an additional 165 shares during the period. FinTrust Capital Advisors LLC grew its holdings in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Jennison Associates LLC acquired a new position in Marathon Petroleum during the first quarter valued at approximately $15,399,000. Smith Salley Wealth Management acquired a new position in Marathon Petroleum during the first quarter valued at approximately $544,000. Finally, Central Pacific Bank Trust Division acquired a new position in Marathon Petroleum during the first quarter valued at approximately $102,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Mizuho reduced their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday, September 16th. BMO Capital Markets reduced their price target on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Bank of America began coverage on shares of Marathon Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Stock Performance

NYSE MPC opened at $143.13 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average price is $162.57 and its two-hundred day moving average price is $171.11. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The firm has a market capitalization of $47.90 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period in the prior year, the firm posted $5.32 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Marathon Petroleum Co. will post 8.71 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be issued a $0.91 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, November 20th. Marathon Petroleum’s payout ratio is currently 17.34%.

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.