Busey Bank Sells 165 Shares of Marathon Petroleum Co. (NYSE:MPC)

Busey Bank decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,597 shares of the oil and gas company’s stock after selling 165 shares during the period. Busey Bank’s holdings in Marathon Petroleum were worth $1,757,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Foster & Motley Inc. raised its position in Marathon Petroleum by 1.9% during the fourth quarter. Foster & Motley Inc. now owns 24,531 shares of the oil and gas company’s stock valued at $3,422,000 after purchasing an additional 463 shares in the last quarter. Stonegate Investment Group LLC raised its position in Marathon Petroleum by 115.3% during the fourth quarter. Stonegate Investment Group LLC now owns 3,173 shares of the oil and gas company’s stock valued at $443,000 after purchasing an additional 1,699 shares in the last quarter. Next Level Private LLC increased its holdings in shares of Marathon Petroleum by 23.0% in the fourth quarter. Next Level Private LLC now owns 2,470 shares of the oil and gas company’s stock worth $345,000 after buying an additional 462 shares during the period. Wetzel Investment Advisors Inc. increased its holdings in shares of Marathon Petroleum by 1.1% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 8,244 shares of the oil and gas company’s stock worth $1,150,000 after buying an additional 87 shares during the period. Finally, Nilsine Partners LLC increased its holdings in shares of Marathon Petroleum by 5.6% in the fourth quarter. Nilsine Partners LLC now owns 32,683 shares of the oil and gas company’s stock worth $4,559,000 after buying an additional 1,746 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC stock opened at $151.45 on Thursday. The stock has a market capitalization of $48.67 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.88 and a beta of 1.42. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock’s 50 day simple moving average is $146.87 and its 200 day simple moving average is $158.34.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.90. The business had revenue of $35.37 billion during the quarter, compared to analyst estimates of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $8.14 EPS. As a group, research analysts forecast that Marathon Petroleum Co. will post 8.88 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.40%. Marathon Petroleum’s dividend payout ratio is presently 28.84%.

Marathon Petroleum announced that its board has approved a share buyback plan on Tuesday, November 5th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank reduced their price target on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Raymond James lifted their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Mizuho cut their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Bank of America initiated coverage on Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.20.

Check Out Our Latest Research Report on Marathon Petroleum

Insider Buying and Selling at Marathon Petroleum

In related news, Director Jeffrey C. Campbell bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average cost of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now owns 6,090 shares in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

About Marathon Petroleum

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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