Field & Main Bank Purchases 150 Shares of Marathon Petroleum Co. (NYSE:MPC)

Field & Main Bank boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,690 shares of the oil and gas company’s stock after buying an additional 150 shares during the quarter. Field & Main Bank’s holdings in Marathon Petroleum were worth $399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its stake in Marathon Petroleum by 1.0% in the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock valued at $685,088,000 after acquiring an additional 43,989 shares during the period. Raymond James & Associates raised its holdings in Marathon Petroleum by 2.4% during the fourth quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock worth $608,581,000 after buying an additional 96,753 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Marathon Petroleum by 1.4% during the third quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company’s stock valued at $415,673,000 after buying an additional 36,987 shares during the last quarter. Pacer Advisors Inc. lifted its position in Marathon Petroleum by 8.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company’s stock valued at $347,365,000 after acquiring an additional 178,502 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Marathon Petroleum by 0.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,179,623 shares of the oil and gas company’s stock worth $329,864,000 after purchasing an additional 11,622 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock traded up $2.12 during mid-day trading on Monday, reaching $200.51. 2,013,808 shares of the company traded hands, compared to its average volume of 2,747,998. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11. The company has a market capitalization of $72.25 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.61 and a beta of 1.52. 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 company has a fifty day moving average price of $193.00 and a 200-day moving average price of $167.44.

Marathon Petroleum (NYSE:MPC) last posted its 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. The business 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%. Marathon Petroleum’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.65 EPS. As a group, analysts anticipate that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s payout ratio is 14.02%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MPC shares. TD Cowen increased their price target on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Raymond James boosted their target price on Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company lifted their price target on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Barclays raised 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. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.