Keybank National Association OH Purchases 3,865 Shares of Marathon Petroleum Corporation (NYSE:MPC)

Keybank National Association OH raised its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,319 shares of the oil and gas company's stock after buying an additional 3,865 shares during the period. Keybank National Association OH's holdings in Marathon Petroleum were worth $4,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $26,000. Decker Retirement Planning Inc. increased its stake in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth about $35,000. OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $44,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $52,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Stock Performance

NYSE MPC traded down $2.46 during trading on Friday, reaching $172.01. The company's stock had a trading volume of 1,135,939 shares, compared to its average volume of 2,712,989. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $52.84 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The firm has a 50 day moving average price of $159.64 and a 200 day moving average price of $148.41.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 EPS. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal 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 issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MPC shares. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Evercore ISI began coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price objective on the stock. Mizuho lifted their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Barclays lifted their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Scotiabank reduced their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.13.

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.