Marathon Petroleum Corporation (NYSE:MPC) Stock Position Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 19.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,615 shares of the oil and gas company's stock after purchasing an additional 11,930 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Marathon Petroleum were worth $10,871,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Greatmark Investment Partners Inc. grew its holdings in shares of Marathon Petroleum by 3.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock worth $22,483,000 after purchasing an additional 5,476 shares during the period. TCTC Holdings LLC raised its stake in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock valued at $12,730,000 after purchasing an additional 2,892 shares during the period. Cambridge Financial Group Inc. acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $5,624,000. Good Steward Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter worth $346,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth $1,192,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Marathon Petroleum from $175.00 to $203.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley reduced their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays boosted their target price on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday. Piper Sandler boosted their target price on shares of Marathon Petroleum from $157.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Mizuho upped their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.38.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC traded down $2.45 on Friday, reaching $179.81. 4,388,192 shares of the company's stock were exchanged, compared to its average volume of 2,718,024. The firm has a market capitalization of $55.24 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.58 and a beta of 0.88. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $183.49. The business's 50-day moving average is $163.74 and its two-hundred day moving average is $149.90. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

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

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.02%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Insider Activity at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company's stock.

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.