Carret Asset Management LLC Sells 166 Shares of Marathon Petroleum Co. (NYSE:MPC)

Carret Asset Management LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,990 shares of the oil and gas company’s stock after selling 166 shares during the period. Carret Asset Management LLC’s holdings in Marathon Petroleum were worth $1,334,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Marino Stram & Associates LLC lifted its holdings in Marathon Petroleum by 0.5% during the fourth quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after buying an additional 60 shares during the period. SteelPeak Wealth LLC lifted its holdings in Marathon Petroleum by 0.3% during the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after buying an additional 67 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after purchasing an additional 67 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Marathon Petroleum by 1.6% during the 3rd quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock valued at $676,000 after purchasing an additional 72 shares during the last quarter. Finally, Visionary Wealth Advisors lifted its holdings in shares of Marathon Petroleum by 4.0% during the 3rd quarter. Visionary Wealth Advisors now owns 1,965 shares of the oil and gas company’s stock valued at $297,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 0.5 %

NYSE:MPC traded down $1.07 during trading hours on Thursday, reaching $198.07. 389,438 shares of the company were exchanged, compared to its average volume of 2,755,294. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm has a market cap of $71.37 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.62 and a beta of 1.52. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The stock has a 50 day simple moving average of $191.26 and a 200 day simple moving average of $166.23.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same quarter last year, the firm posted $6.65 earnings per share. Marathon Petroleum’s revenue was down 8.9% on a year-over-year basis. As a group, analysts predict that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.67%. Marathon Petroleum’s payout ratio is 14.02%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the 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 transaction, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MPC. Barclays upped their target price on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their price target on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Raymond James increased their price target 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. Scotiabank increased their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.77.

About Marathon Petroleum

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.