Cullen Frost Bankers Inc. Has $2.25 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Cullen Frost Bankers Inc. decreased its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,102 shares of the oil and gas company's stock after selling 2,323 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Marathon Petroleum were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in Marathon Petroleum during the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $27,000. MeadowBrook Investment Advisors LLC boosted its stake in Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $28,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 1.3 %

Marathon Petroleum stock traded up $1.84 during midday trading on Monday, reaching $139.39. The company's stock had a trading volume of 513,920 shares, compared to its average volume of 2,816,402. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 52-week low of $130.54 and a 52-week high of $221.11. The stock has a market capitalization of $43.57 billion, a P/E ratio of 14.05, a PEG ratio of 3.11 and a beta of 1.39. The stock's 50-day simple moving average is $148.61 and its 200-day simple moving average is $154.16.

Remove Ads

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

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.61%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Insider Buying and Selling

In related news, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MPC. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday. Raymond James boosted their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research report on Friday, January 17th. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, Barclays decreased their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $182.00.

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.