Town & Country Bank & Trust CO dba First Bankers Trust CO Has $2.57 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,778 shares of the oil and gas company’s stock after selling 885 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Marathon Petroleum were worth $2,570,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MPC. FinTrust Capital Advisors LLC lifted its position in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at about $29,000. TruNorth Capital Management LLC bought a new position in shares of Marathon Petroleum during the second quarter valued at about $35,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Marathon Petroleum during the second quarter valued at about $35,000. Finally, Wellington Shields & Co. LLC bought a new stake in Marathon Petroleum in the first quarter worth about $40,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $157.97 on Thursday. The company has a 50 day moving average of $168.39 and a 200 day moving average of $176.35. The stock has a market cap of $55.66 billion, a P/E ratio of 7.89, a P/E/G ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 12 month low of $140.98 and a 12 month high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter in the previous year, the company earned $5.32 earnings per share. Marathon Petroleum’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.09%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MPC shares. Morgan Stanley lowered their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays lowered their price objective on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Citigroup lowered their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Wolfe Research assumed coverage on shares of Marathon Petroleum in a research report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.73.

Marathon Petroleum 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.