First Interstate Bank Has $1.75 Million Holdings in Marathon Petroleum Corporation $MPC

Key Points

• First Interstate Bank cut its stake in Marathon Petroleum by 58.9% in Q4, selling 15,425 shares and retaining 10,775 shares valued at about $1.75 million.
• Several brokerages raised price targets (notably UBS to $280), leaving a consensus rating of "Moderate Buy" and an average price target of $241.81.
• Marathon beat quarterly estimates with $4.07 EPS (vs. $3.73 expected), pays a quarterly dividend of $1.00 (annualized $4.00, yield 1.8%), and has a market cap near $66 billion.

First Interstate Bank cut its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,775 shares of the oil and gas company's stock after selling 15,425 shares during the quarter. First Interstate Bank's holdings in Marathon Petroleum were worth $1,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Resonant Capital Advisors LLC lifted its stake in Marathon Petroleum by 0.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 21,412 shares of the oil and gas company's stock valued at $3,482,000 after buying an additional 95 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Marathon Petroleum by 377.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 72,692 shares of the oil and gas company's stock valued at $11,822,000 after buying an additional 57,476 shares during the period. Diversified Enterprises LLC lifted its stake in Marathon Petroleum by 59.6% in the fourth quarter. Diversified Enterprises LLC now owns 2,118 shares of the oil and gas company's stock valued at $344,000 after buying an additional 791 shares during the period. Quent Long Short Global Small Cap Fund LP acquired a new position in Marathon Petroleum in the fourth quarter valued at approximately $305,000. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Marathon Petroleum by 117.3% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 59,622 shares of the oil and gas company's stock valued at $9,705,000 after buying an additional 32,179 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MPC. UBS Group upped their target price on Marathon Petroleum from $221.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Citigroup upped their target price on Marathon Petroleum from $210.00 to $243.00 and gave the stock a "neutral" rating in a research report on Friday, April 10th. JPMorgan Chase & Co. upped their target price on Marathon Petroleum from $184.00 to $235.00 and gave the stock a "neutral" rating in a research report on Thursday, April 9th. Morgan Stanley upped their target price on Marathon Petroleum from $200.00 to $233.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, BMO Capital Markets upped their target price on Marathon Petroleum from $230.00 to $255.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $241.81.

Marathon Petroleum Trading Up 1.4%

NYSE MPC opened at $224.19 on Friday. The firm has a market capitalization of $66.02 billion, a P/E ratio of 16.79, a PEG ratio of 0.37 and a beta of 0.58. The business has a fifty day simple moving average of $222.98 and a 200 day simple moving average of $197.96. Marathon Petroleum Corporation has a 12 month low of $133.00 and a 12 month high of $255.77. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, analysts predict that Marathon Petroleum Corporation will post 23.42 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, February 18th. Marathon Petroleum's dividend payout ratio is 29.96%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the company's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares in the company, valued at $2,290,058.64. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 4,473 shares of company stock valued at $1,015,428. 0.17% of the stock is owned by corporate insiders.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation NYSE: MPC is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum's operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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