Intrust Bank NA Has $783,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Intrust Bank NA lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,614 shares of the oil and gas company’s stock after selling 101 shares during the period. Intrust Bank NA’s holdings in Marathon Petroleum were worth $783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MPC. Fisher Asset Management LLC increased its position in Marathon Petroleum by 44.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,865 shares of the oil and gas company’s stock worth $2,585,000 after purchasing an additional 4,868 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Marathon Petroleum in the third quarter worth approximately $4,073,000. Captrust Financial Advisors raised its position in Marathon Petroleum by 10.2% during the third quarter. Captrust Financial Advisors now owns 89,122 shares of the oil and gas company’s stock valued at $14,519,000 after acquiring an additional 8,283 shares in the last quarter. Point72 Europe London LLP acquired a new stake in Marathon Petroleum in the third quarter valued at approximately $782,000. Finally, Acropolis Investment Management LLC grew its position in Marathon Petroleum by 10.1% in the third quarter. Acropolis Investment Management LLC now owns 4,368 shares of the oil and gas company’s stock worth $712,000 after acquiring an additional 400 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Stock Performance

MPC opened at $144.05 on Friday. The stock’s 50 day simple moving average is $148.74 and its 200-day simple moving average is $151.51. 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 stock has a market cap of $44.88 billion, a PE ratio of 14.51, a P/E/G ratio of 3.11 and a beta of 1.39. 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 quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. During the same quarter in the prior year, the company posted $3.98 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.53%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MPC. TD Cowen reiterated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James reiterated a “strong-buy” rating on shares of Marathon Petroleum in a research note on Thursday. Barclays raised their price objective on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Mizuho dropped their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $180.21.

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.