US Bancorp DE Sells 37,967 Shares of Marathon Petroleum Co. (NYSE:MPC)

US Bancorp DE trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,911,303 shares of the oil and gas company’s stock after selling 37,967 shares during the quarter. US Bancorp DE owned approximately 0.59% of Marathon Petroleum worth $266,627,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Gladius Capital Management LP bought a new stake in Marathon Petroleum during the 3rd quarter valued at approximately $26,000. MeadowBrook Investment Advisors LLC boosted its position in Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $28,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $30,000. 76.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. TD Cowen reissued a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Raymond James boosted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Barclays dropped their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.27.

Marathon Petroleum Price Performance

Shares of MPC opened at $150.07 on Friday. The firm has a market cap of $48.23 billion, a PE ratio of 15.11, a P/E/G ratio of 3.11 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $148.15 and a two-hundred day simple moving average of $155.76. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.98 EPS. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.43%. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Marathon Petroleum announced that its board has approved a stock repurchase program on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Marathon Petroleum

In related news, Director Jeffrey C. Campbell acquired 6,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

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.