Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,205 shares of the oil and gas company’s stock after selling 480 shares during the period. Marathon Petroleum comprises approximately 0.8% of Buckley Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Buckley Wealth Management LLC’s holdings in Marathon Petroleum were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of Marathon Petroleum by 19.4% in the 1st quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after buying an additional 910 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Marathon Petroleum in the 1st quarter worth about $282,000. Vontobel Holding Ltd. lifted its position in shares of Marathon Petroleum by 1.6% in the 1st quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after buying an additional 293 shares during the last quarter. Sei Investments Co. lifted its position in shares of Marathon Petroleum by 25.1% in the 1st quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock worth $7,800,000 after buying an additional 18,230 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Marathon Petroleum by 11.0% in the 1st quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock worth $807,000 after buying an additional 937 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Down 0.2 %

Marathon Petroleum stock traded down $0.39 during trading hours on Wednesday, hitting $196.99. The company had a trading volume of 1,674,713 shares, compared to its average volume of 2,848,972. The firm has a market capitalization of $70.98 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.50. 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’s fifty day moving average is $173.14 and its 200-day moving average is $158.27. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $203.01.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data 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 firm had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.65 EPS. On average, research analysts forecast that Marathon Petroleum Co. will post 14.68 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is 14.02%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $183.00 to $214.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Bank of America upped their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. TD Cowen boosted their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays boosted their target price on shares of Marathon Petroleum from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.33.

Insiders Place Their Bets

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s 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 completion of the sale, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.21% of the company’s stock.

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.