UMB Bank n.a. Trims Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

UMB Bank n.a. trimmed its position in Marathon Petroleum Co. (NYSE:MPC) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 55,720 shares of the oil and gas company’s stock after selling 2,306 shares during the period. UMB Bank n.a.’s holdings in Marathon Petroleum were worth $9,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC grew its stake in Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Marathon Petroleum in the first quarter worth $29,000. Wellington Shields & Co. LLC purchased a new stake in shares of Marathon Petroleum in the first quarter worth $40,000. TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum in the second quarter worth $35,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter worth $35,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price objective on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday. Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Wolfe Research assumed coverage on Marathon Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price objective on the stock. Finally, 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 report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.73.

Marathon Petroleum Stock Up 1.4 %

NYSE MPC opened at $164.85 on Friday. The stock’s 50-day moving average price is $169.06 and its 200-day moving average price is $177.68. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11. The company has a market capitalization of $55.17 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last posted 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 for 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 business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.32 earnings per share. On average, equities research analysts predict that Marathon Petroleum Co. will post 10.22 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.00%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) 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.