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

SlateStone Wealth LLC grew 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 filing with the SEC. The firm owned 2,257 shares of the oil and gas company’s stock after acquiring an additional 80 shares during the quarter. SlateStone Wealth LLC’s holdings in Marathon Petroleum were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Aspire Private Capital LLC lifted its position in shares of 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 acquiring an additional 145 shares during the period. Allworth Financial LP lifted its position in shares of 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 acquiring an additional 340 shares during the period. Brandywine Global Investment Management LLC lifted its position in shares of 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 worth $87,753,000 after buying an additional 48,540 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Marathon Petroleum during the 4th quarter worth $738,000. Finally, Whittier Trust Co. lifted its position in shares of 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 worth $1,324,000 after buying an additional 537 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MPC. Mizuho upped their price objective on Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Raymond James upped their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Barclays upped their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Bank of America upped their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Finally, TD Cowen upped their target price on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Trading Up 0.4 %

Shares of MPC stock traded up $0.83 on Tuesday, hitting $199.08. The company had a trading volume of 790,529 shares, compared to its average volume of 2,790,472. The firm has a market cap of $71.74 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.69 and a beta of 1.52. The stock’s 50-day moving average is $190.08 and its two-hundred day moving average is $165.60. 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 Co. has a twelve month low of $104.32 and a twelve month 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 for the quarter, beating the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $6.65 earnings per share. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

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.