First National Bank of Mount Dora Trust Investment Services Cuts Stake in Marathon Petroleum Co. (NYSE:MPC)

First National Bank of Mount Dora Trust Investment Services lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,566 shares of the oil and gas company’s stock after selling 170 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Marathon Petroleum were worth $418,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Graypoint LLC boosted its stake in Marathon Petroleum by 7.3% in the 1st quarter. Graypoint LLC now owns 2,412 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 165 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Jennison Associates LLC purchased a new position in Marathon Petroleum in the 1st quarter worth $15,399,000. Smith Salley Wealth Management acquired a new stake in Marathon Petroleum during the 1st quarter worth about $544,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Marathon Petroleum during the 1st quarter valued at about $102,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 2.2 %

Shares of Marathon Petroleum stock traded up $3.17 during trading hours on Monday, hitting $146.30. The company’s stock had a trading volume of 374,278 shares, compared to its average volume of 2,658,015. Marathon Petroleum Co. has a twelve month low of $140.98 and a twelve month high of $221.11. The firm has a fifty day moving average of $162.57 and a 200-day moving average of $171.11. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 2.78 and a beta of 1.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its 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 return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same quarter in the prior year, the company earned $5.32 EPS. Marathon Petroleum’s revenue was up 4.2% on a year-over-year basis. Research analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.91 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $3.64 annualized dividend and a yield of 2.49%. Marathon Petroleum’s dividend payout ratio is presently 19.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Barclays decreased their target price on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Citigroup reduced their price target on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum 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.