SlateStone Wealth LLC Buys 80 Shares of Marathon Petroleum Co. (NYSE:MPC)

SlateStone Wealth LLC boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,257 shares of the oil and gas company’s stock after buying an additional 80 shares during the period. SlateStone Wealth LLC’s holdings in Marathon Petroleum were worth $335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aspire Private Capital LLC increased its position in Marathon Petroleum by 4.4% during the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 145 shares in the last quarter. Allworth Financial LP increased its position in Marathon Petroleum by 3.2% during the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock valued at $1,617,000 after buying an additional 340 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in Marathon Petroleum by 9.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock valued at $87,753,000 after buying an additional 48,540 shares in the last quarter. Trust Point Inc. bought a new position in Marathon Petroleum during the 4th quarter valued at approximately $738,000. Finally, Whittier Trust Co. increased its position in Marathon Petroleum by 6.4% during the 4th 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 in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.4 %

Shares of NYSE MPC traded up $0.83 during trading hours on Tuesday, reaching $199.08. The stock had a trading volume of 790,529 shares, compared to its average volume of 2,790,472. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The firm has a market cap of $71.74 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.69 and a beta of 1.52. The business’s fifty day moving average price is $190.08 and its two-hundred day moving average price is $165.60. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.65 earnings per share. Analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is currently 14.02%.

Analyst Ratings Changes

Several brokerages have commented on MPC. Raymond James increased their target price on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 31st. StockNews.com upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Citigroup began coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating on the stock. TD Cowen increased their target price on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group increased their target price on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.77.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.