CoreFirst Bank & Trust Purchases New Position in Marathon Petroleum Co. (NYSE:MPC)

CoreFirst Bank & Trust bought a new position in Marathon Petroleum Co. (NYSE:MPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,724 shares of the oil and gas company's stock, valued at approximately $519,000.

A number of other institutional investors have also recently bought and sold shares of the stock. OLD Second National Bank of Aurora raised its stake in Marathon Petroleum by 7.2% during the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock valued at $139,000 after purchasing an additional 67 shares during the period. Nixon Peabody Trust Co. lifted its stake in Marathon Petroleum by 3.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after acquiring an additional 68 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in Marathon Petroleum by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 69 shares during the period. American Trust grew its stake in Marathon Petroleum by 5.3% during the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company's stock valued at $228,000 after acquiring an additional 70 shares in the last quarter. Finally, DT Investment Partners LLC increased its holdings in shares of Marathon Petroleum by 21.5% in the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 70 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Marathon Petroleum Stock Performance

Shares of MPC traded down $3.30 during mid-day trading on Friday, hitting $144.05. The company's stock had a trading volume of 1,689,079 shares, compared to its average volume of 2,647,085. The firm has a market capitalization of $44.88 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The stock's 50-day moving average is $148.74 and its two-hundred day moving average is $151.51. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the business earned $3.98 earnings per share. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on MPC. Barclays boosted their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research report on Friday, March 14th. Mizuho dropped 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 note on Monday, December 16th. Raymond James reissued a "strong-buy" rating on shares of Marathon Petroleum in a research report on Thursday. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $180.21.

Insider Buying and Selling

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

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.