Marathon Petroleum Co. (NYSE:MPC) Position Decreased by Cypress Capital Group

Cypress Capital Group decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,977 shares of the oil and gas company's stock after selling 1,880 shares during the period. Cypress Capital Group's holdings in Marathon Petroleum were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $26,000. MeadowBrook Investment Advisors LLC boosted its position in shares of 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 position 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 valued at $28,000 after purchasing an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Marathon Petroleum during the third quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $27,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Down 5.2 %

NYSE:MPC opened at $135.18 on Thursday. The stock's 50 day moving average price is $148.53 and its 200 day moving average price is $154.81. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a market capitalization of $43.44 billion, a P/E ratio of 13.61, a P/E/G ratio of 3.11 and a beta of 1.41. 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 quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $31.94 billion. During the same quarter in the prior year, the company posted $3.98 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.69%. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Analysts Set New Price Targets

A number of analysts have commented on MPC shares. TD Cowen reaffirmed a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Barclays reduced 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 note on Monday, November 11th. Mizuho reduced their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Tudor Pickering raised shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Raymond James upped 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 note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $181.27.

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.

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