UMB Bank n.a. Decreases Stake in Marathon Petroleum Co. (NYSE:MPC)

UMB Bank n.a. lessened its stake in Marathon Petroleum Co. (NYSE:MPCFree Report) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,929 shares of the oil and gas company’s stock after selling 290 shares during the quarter. UMB Bank n.a.’s holdings in Marathon Petroleum were worth $3,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gleason Group Inc. boosted its stake in shares of Marathon Petroleum by 75.2% in the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 82 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $32,000. Mascoma Wealth Management LLC purchased a new stake in Marathon Petroleum during the third quarter worth approximately $43,000. Peoples Bank KS purchased a new stake in Marathon Petroleum during the third quarter worth approximately $44,000. Finally, Exchange Traded Concepts LLC lifted its stake in Marathon Petroleum by 811.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup assumed coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating for the company. Mizuho boosted their target price on Marathon Petroleum from $159.00 to $201.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. boosted their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Wells Fargo & Company lifted their price target on Marathon Petroleum from $183.00 to $214.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $182.42.

Get Our Latest Stock Report on MPC

Marathon Petroleum Trading Up 3.4 %

NYSE:MPC opened at $211.38 on Wednesday. The firm has a market cap of $76.17 billion, a P/E ratio of 8.98, a PEG ratio of 2.15 and a beta of 1.52. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $177.00 and its 200-day simple moving average is $159.55. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $211.54.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.65 earnings per share. Equities analysts anticipate that Marathon Petroleum Co. will post 15.82 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is presently 14.02%.

About Marathon Petroleum

(Free Report)

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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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