Marathon Petroleum Co. (NYSE:MPC) Shares Sold by First American Bank

First American Bank lowered its stake in Marathon Petroleum Co. (NYSE:MPC) by 8.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,621 shares of the oil and gas company’s stock after selling 2,846 shares during the quarter. First American Bank’s holdings in Marathon Petroleum were worth $4,988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC boosted its holdings in Marathon Petroleum by 400.0% in 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 purchased a new position in shares of Marathon Petroleum in the first quarter valued at approximately $29,000. TruNorth Capital Management LLC purchased a new position in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Marathon Petroleum in the first quarter valued at approximately $40,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MPC. Wells Fargo & Company decreased their target price on Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets reduced their price objective on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Mizuho reduced their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum Price Performance

Shares of MPC opened at $152.36 on Monday. The company has a market cap of $53.68 billion, a P/E ratio of 7.61, a PEG ratio of 3.03 and a beta of 1.37. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average price is $165.37 and its 200 day moving average price is $173.25.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion for 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 company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.32 earnings per share. On average, research analysts forecast that Marathon Petroleum Co. will post 8.71 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

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.