CENTRAL TRUST Co Sells 4,243 Shares of Marathon Petroleum Corporation (NYSE:MPC)

CENTRAL TRUST Co reduced its stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 12.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 30,305 shares of the oil and gas company's stock after selling 4,243 shares during the quarter. CENTRAL TRUST Co's holdings in Marathon Petroleum were worth $4,415,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after buying an additional 4,367,774 shares during the period. Demars Financial Group LLC raised its stake in Marathon Petroleum by 16,338.3% in the 4th quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after acquiring an additional 4,151,722 shares during the period. Norges Bank purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $453,427,000. GAMMA Investing LLC boosted its position in Marathon Petroleum by 14,969.1% during the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock worth $224,503,000 after purchasing an additional 1,530,737 shares during the period. Finally, Boston Partners increased its stake in shares of Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on MPC shares. Scotiabank dropped their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen increased their target price on Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays boosted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company raised their target price on Marathon Petroleum from $180.00 to $182.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.21.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $170.07 on Wednesday. The stock has a market cap of $52.25 billion, a P/E ratio of 23.92, a PEG ratio of 3.29 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The business's 50-day moving average price is $149.22 and its two-hundred day moving average price is $146.55. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same period last year, the firm posted $2.58 earnings per share. Marathon Petroleum's quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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.

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