True North Advisors LLC Has $542,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

True North Advisors LLC decreased its position in Marathon Petroleum Co. (NYSE:MPCFree Report) by 37.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,653 shares of the oil and gas company’s stock after selling 2,153 shares during the period. True North Advisors LLC’s holdings in Marathon Petroleum were worth $542,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Aspire Private Capital LLC grew its position in Marathon Petroleum by 4.4% in the third quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 145 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of Marathon Petroleum by 9.1% during the third quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after buying an additional 48,540 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Marathon Petroleum by 6.4% in the fourth quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock valued at $1,324,000 after buying an additional 537 shares during the period. WBI Investments Inc. bought a new position in Marathon Petroleum during the 3rd quarter worth $5,522,000. Finally, BKM Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $757,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Price Performance

MPC opened at $204.41 on Tuesday. The stock’s 50 day moving average price is $176.00 and its 200-day moving average price is $159.21. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $205.49. The stock has a market capitalization of $73.66 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 2.12 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. During the same period in the prior year, the business earned $6.65 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts predict that Marathon Petroleum Co. will post 15.82 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.61%. Marathon Petroleum’s dividend payout ratio (DPR) is 14.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America boosted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Mizuho raised their target price on Marathon Petroleum from $159.00 to $201.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Wells Fargo & Company upped their price target on Marathon Petroleum from $183.00 to $214.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.42.

Check Out Our Latest Stock Analysis on MPC

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Company Profile

(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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