Stock Yards Bank & Trust Co. Sells 79 Shares of Marathon Petroleum Co. (NYSE:MPC)

Stock Yards Bank & Trust Co. trimmed its position in Marathon Petroleum Co. (NYSE:MPC) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,815 shares of the oil and gas company’s stock after selling 79 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Marathon Petroleum were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MPC. Global Retirement Partners LLC raised its holdings in shares of Marathon Petroleum by 4.6% in the 3rd quarter. Global Retirement Partners LLC now owns 3,333 shares of the oil and gas company’s stock valued at $473,000 after acquiring an additional 147 shares in the last quarter. Summit Global Investments bought a new position in shares of Marathon Petroleum in the third quarter worth approximately $272,000. Ziegler Capital Management LLC raised its stake in Marathon Petroleum by 10.7% in the third quarter. Ziegler Capital Management LLC now owns 41,023 shares of the oil and gas company’s stock valued at $6,208,000 after purchasing an additional 3,976 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Marathon Petroleum by 7.5% during the third quarter. Flagship Harbor Advisors LLC now owns 4,361 shares of the oil and gas company’s stock valued at $660,000 after purchasing an additional 303 shares during the last quarter. Finally, Patriot Investment Management Group Inc. purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $204,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Up 1.0 %

Shares of NYSE MPC opened at $198.27 on Tuesday. The company has a market cap of $71.44 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.69 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average is $190.08 and its 200 day moving average is $165.60. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data 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 firm had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. 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 earned $6.65 earnings per share. On average, equities research analysts expect that Marathon Petroleum Co. will post 19.42 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 14.02%.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MPC. JPMorgan Chase & Co. lifted their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Bank of America lifted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Scotiabank increased their price objective on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Mizuho increased their price target on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.77.

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.