Cullen Frost Bankers Inc. Decreases Stake in Marathon Petroleum Corporation (NYSE:MPC)

Cullen Frost Bankers Inc. lessened its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,875 shares of the oil and gas company's stock after selling 2,227 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Marathon Petroleum were worth $2,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum in the 4th quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in Marathon Petroleum during the first quarter worth $32,000. Decker Retirement Planning Inc. lifted its stake in Marathon Petroleum by 1,621.4% in the first quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after buying an additional 227 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at about $35,000. Finally, Capital A Wealth Management LLC bought a new stake in Marathon Petroleum in the fourth quarter worth about $52,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPC shares. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Raymond James Financial cut Marathon Petroleum from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $180.00 to $200.00 in a report on Tuesday. Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Wolfe Research lowered Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday. Finally, Morgan Stanley boosted their target price on Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $184.53.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Price Performance

Shares of MPC opened at $174.39 on Friday. The firm has a market capitalization of $53.57 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 3.34 and a beta of 0.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31. The company's fifty day moving average price is $166.05 and its 200-day moving average price is $150.97.

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) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 EPS. On average, equities research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 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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