Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Fifth Third Bancorp
Fifth Third Bancorp lessened its stake in Marathon Petroleum Co. (NYSE:MPC — Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 563,170 shares of the oil and gas company’s stock after selling 28,173 shares during the quarter. Fifth Third Bancorp owned 0.18% of Marathon Petroleum worth $82,048,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MPC. Brighton Jones LLC raised its position in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Marathon Petroleum by 11.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,964 shares of the oil and gas company’s stock valued at $2,227,000 after acquiring an additional 1,654 shares during the last quarter. Sapient Capital LLC lifted its stake in Marathon Petroleum by 14.5% in the 4th quarter. Sapient Capital LLC now owns 2,350 shares of the oil and gas company’s stock worth $328,000 after purchasing an additional 298 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in shares of Marathon Petroleum by 9.7% during the 4th quarter. Schear Investment Advisers LLC now owns 2,511 shares of the oil and gas company’s stock worth $350,000 after purchasing an additional 223 shares during the last quarter. Finally, Capital Advisors Inc. OK increased its holdings in shares of Marathon Petroleum by 8.8% in the fourth quarter. Capital Advisors Inc. OK now owns 5,599 shares of the oil and gas company’s stock valued at $781,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.
Marathon Petroleum Price Performance
Marathon Petroleum stock opened at $164.71 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The firm has a market cap of $50.60 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The company’s 50 day moving average is $145.66 and its two-hundred day moving average is $146.32.
Marathon Petroleum (NYSE:MPC — Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. On average, research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.
Marathon Petroleum Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.21%. Marathon Petroleum’s dividend payout ratio (DPR) is 51.20%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Mizuho boosted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Wall Street Zen upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James cut their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Finally, TD Cowen upped their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $176.21.
View Our Latest Stock Analysis on Marathon Petroleum
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Marathon Petroleum, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Marathon Petroleum wasn’t on the list.
While Marathon Petroleum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report