Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,337 shares of the oil and gas company’s stock after selling 5,271 shares during the period. Yousif Capital Management LLC’s holdings in Marathon Petroleum were worth $9,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at $32,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Marathon Petroleum during the 4th quarter worth $40,000. Peoples Bank KS acquired a new position in shares of Marathon Petroleum in the 3rd quarter worth $44,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Marathon Petroleum by 811.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 284 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 0.3 %

Shares of MPC stock traded down $0.51 during trading on Wednesday, reaching $199.14. The company’s stock had a trading volume of 1,462,714 shares, compared to its average volume of 2,779,062. The company has a market cap of $71.76 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The business has a fifty day moving average price of $190.68 and a 200-day moving average price of $165.99. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter last year, the business posted $6.65 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. Analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s payout ratio is presently 14.02%.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the business’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 sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPC. Raymond James lifted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 31st. Scotiabank raised their price target on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their target price on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, JPMorgan Chase & Co. increased 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. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.77.

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.