Crossmark Global Holdings Inc. Trims Stake in Marathon Petroleum Corporation $MPC

Crossmark Global Holdings Inc. decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,082 shares of the oil and gas company’s stock after selling 9,687 shares during the period. Crossmark Global Holdings Inc.’s holdings in Marathon Petroleum were worth $12,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in Marathon Petroleum during the 2nd quarter worth about $25,000. NewSquare Capital LLC boosted its stake in shares of Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum during the second quarter worth about $33,000. Transce3nd LLC raised its position in shares of Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 205 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its stake in shares of Marathon Petroleum by 46.1% during the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 71 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup lifted their target price on shares of Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Raymond James Financial lifted their price objective on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Barclays dropped their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their price objective on shares of Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $202.19.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $217.52 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $228.55. The company has a market capitalization of $64.11 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.36 and a beta of 0.69. The business has a 50-day moving average of $186.04 and a 200-day moving average of $185.82.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. Marathon Petroleum’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.8%. Marathon Petroleum’s payout ratio is 29.96%.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.