FineMark National Bank & Trust Lowers Stock Position in Marathon Petroleum Co. (NYSE:MPC)

FineMark National Bank & Trust cut its holdings in Marathon Petroleum Co. (NYSE:MPC) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,128 shares of the oil and gas company’s stock after selling 286 shares during the quarter. FineMark National Bank & Trust’s holdings in Marathon Petroleum were worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $238,000. CoreFirst Bank & Trust bought a new position in Marathon Petroleum during the 4th quarter valued at approximately $519,000. Congress Wealth Management LLC DE purchased a new position in Marathon Petroleum during the fourth quarter valued at $360,000. Stevens Capital Management LP bought a new stake in Marathon Petroleum in the fourth quarter worth $473,000. Finally, Intellus Advisors LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth $252,000. 76.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ricky D. Hessling purchased 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of analyst reports. Piper Sandler dropped their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Raymond James increased their price target on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. TD Cowen reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays lifted their target price on Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, March 14th. Finally, Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.21.

Marathon Petroleum Trading Down 0.0 %

Shares of MPC stock opened at $148.62 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The firm has a fifty day moving average price of $149.06 and a 200-day moving average price of $151.77.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.98 earnings per share. As a group, equities analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.45%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

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.