Country Club Bank Sells 400 Shares of Marathon Petroleum Co. (NYSE:MPC)

Country Club Bank reduced its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,700 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Country Club Bank’s holdings in Marathon Petroleum were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Czech National Bank grew its position in shares of Marathon Petroleum by 1.5% in the 3rd quarter. Czech National Bank now owns 68,178 shares of the oil and gas company’s stock valued at $11,107,000 after buying an additional 1,038 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Marathon Petroleum by 80.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 20,595 shares of the oil and gas company’s stock valued at $3,355,000 after acquiring an additional 9,161 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Marathon Petroleum by 68.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,710 shares of the oil and gas company’s stock worth $1,093,000 after purchasing an additional 2,733 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Marathon Petroleum by 31.8% in the 3rd quarter. Brookstone Capital Management now owns 37,214 shares of the oil and gas company’s stock worth $6,063,000 after purchasing an additional 8,978 shares during the period. Finally, CWM LLC increased its position in shares of Marathon Petroleum by 20.6% during the third quarter. CWM LLC now owns 19,888 shares of the oil and gas company’s stock worth $3,240,000 after buying an additional 3,399 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $157.22 on Thursday. The firm has a fifty day simple moving average of $146.07 and a two-hundred day simple moving average of $157.78. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a market capitalization of $50.53 billion, a PE ratio of 12.46, a P/E/G ratio of 2.77 and a beta of 1.41. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.98 EPS. Research analysts expect that Marathon Petroleum Co. will post 8.88 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Marathon Petroleum announced that its board has approved a share repurchase program on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James lifted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a report on Friday, January 17th. TD Cowen reiterated a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Citigroup dropped their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.27.

Insider Activity at Marathon Petroleum

In related news, Director Jeffrey C. Campbell bought 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the completion of the acquisition, the director now owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.