CoreFirst Bank & Trust Purchases New Stake in Marathon Petroleum Co. (NYSE:MPC)

CoreFirst Bank & Trust purchased a new position in Marathon Petroleum Co. (NYSE:MPC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,724 shares of the oil and gas company’s stock, valued at approximately $519,000.

A number of other hedge funds have also recently modified their holdings of MPC. True Wealth Design LLC increased its holdings in Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $31,000. Finally, Cape Investment Advisory Inc. lifted its stake in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Ricky D. Hessling purchased 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the transaction, 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 disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Down 0.9 %

NYSE:MPC opened at $148.67 on Tuesday. The firm has a 50-day simple moving average of $149.07 and a two-hundred day simple moving average of $151.89. The firm has a market cap of $46.32 billion, a P/E ratio of 14.97, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

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

Marathon Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MPC shares. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen restated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays raised their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Finally, Mizuho reduced their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $180.21.

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.