CENTRAL TRUST Co Sells 2,510 Shares of Marathon Petroleum Co. (NYSE:MPC)

CENTRAL TRUST Co reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,518 shares of the oil and gas company’s stock after selling 2,510 shares during the period. CENTRAL TRUST Co’s holdings in Marathon Petroleum were worth $6,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MPC. FinTrust Capital Advisors LLC lifted its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Crewe Advisors LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at about $29,000. Wellington Shields & Co. LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth approximately $40,000. TruNorth Capital Management LLC acquired a new position in shares of Marathon Petroleum during the second quarter valued at about $35,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marathon Petroleum in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MPC shares. Wolfe Research began coverage on Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 target price on the stock. Scotiabank cut their price target on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Tudor Pickering cut Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. 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 company has an average rating of “Moderate Buy” and an average price target of $187.00.

Marathon Petroleum Stock Down 2.8 %

Shares of MPC stock opened at $153.76 on Thursday. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The stock’s fifty day moving average price is $166.48 and its 200 day moving average price is $174.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company has a market cap of $54.17 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.32 EPS. On average, research analysts expect that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. Marathon Petroleum’s payout ratio is 16.48%.

About Marathon Petroleum

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.