Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Rodgers Brothers Inc.

Rodgers Brothers Inc. lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,526 shares of the oil and gas company’s stock after selling 244 shares during the quarter. Rodgers Brothers Inc.’s holdings in Marathon Petroleum were worth $910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in Marathon Petroleum by 672.7% in the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 148 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $31,000. Finally, Cape Investment Advisory Inc. raised its holdings in Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of several research analyst reports. Barclays lifted their price target on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Mizuho lowered their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Raymond James reissued a “strong-buy” rating on shares of Marathon Petroleum in a research note on Thursday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus price target of $180.21.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $144.05 on Monday. The business’s 50-day moving average is $148.74 and its 200-day moving average is $151.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market capitalization of $44.88 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.98 EPS. Equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. Marathon Petroleum’s payout ratio is 36.66%.

About Marathon Petroleum

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.