First Bank & Trust Sells 76 Shares of Marathon Petroleum Co. (NYSE:MPC)

First Bank & Trust lessened its stake in Marathon Petroleum Co. (NYSE:MPC) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,490 shares of the oil and gas company’s stock after selling 76 shares during the period. First Bank & Trust’s holdings in Marathon Petroleum were worth $569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Guidance Capital Inc. grew its position in shares of Marathon Petroleum by 1.1% in the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after buying an additional 57 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Marathon Petroleum by 15.2% in the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 57 shares during the period. D Orazio & Associates Inc. lifted its stake in shares of Marathon Petroleum by 3.2% in the 1st quarter. D Orazio & Associates Inc. now owns 1,894 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 59 shares during the period. Legacy Advisors LLC lifted its stake in shares of Marathon Petroleum by 5.0% in the 2nd quarter. Legacy Advisors LLC now owns 1,238 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 59 shares during the period. Finally, Latitude Advisors LLC lifted its stake in shares of Marathon Petroleum by 3.6% in the 2nd quarter. Latitude Advisors LLC now owns 1,714 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 60 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. Barclays dropped their price objective on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Bank of America began coverage on Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective on the stock. Finally, Scotiabank dropped their price objective on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Marathon Petroleum Stock Down 0.3 %

Shares of Marathon Petroleum stock traded down $0.52 on Friday, hitting $152.36. The company had a trading volume of 1,046,293 shares, compared to its average volume of 2,666,899. The stock has a market capitalization of $50.99 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 3.03 and a beta of 1.37. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The stock has a 50 day moving average of $165.37 and a 200-day moving average of $173.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.32 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is presently 17.34%.

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.