Greenleaf Trust Has $1.51 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Greenleaf Trust reduced its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,814 shares of the oil and gas company’s stock after selling 401 shares during the quarter. Greenleaf Trust’s holdings in Marathon Petroleum were worth $1,509,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Gladius Capital Management LP acquired a new position in shares of Marathon Petroleum in the third quarter valued at $26,000. MeadowBrook Investment Advisors LLC grew its stake in Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC raised its holdings in Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Marathon Petroleum during the third quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the third quarter worth approximately $33,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Friday, January 10th. TD Cowen reissued a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America initiated coverage on shares of Marathon Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, Citigroup dropped their price target on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Jeffrey C. Campbell acquired 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the completion of the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. This represents a 6,666.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Down 3.1 %

Shares of NYSE MPC opened at $145.37 on Monday. The stock has a 50-day moving average price of $146.26 and a two-hundred day moving average price of $158.02. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $46.72 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.77 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.97 by $0.90. The business had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm’s revenue was down 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.14 EPS. As a group, analysts forecast that Marathon Petroleum Co. will post 8.88 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.50%. Marathon Petroleum’s payout ratio is presently 28.84%.

Marathon Petroleum declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.