UMB Bank n.a. Lowers Position in Marathon Petroleum Co. (NYSE:MPC)

UMB Bank n.a. decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,960 shares of the oil and gas company’s stock after selling 1,059 shares during the period. UMB Bank n.a.’s holdings in Marathon Petroleum were worth $3,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at about $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum during the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth about $31,000. Finally, Cape Investment Advisory Inc. grew its holdings in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 267 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 1.2%

NYSE:MPC opened at $160.18 on Monday. The stock has a fifty day simple moving average of $143.86 and a 200-day simple moving average of $146.06. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. Marathon Petroleum Co. has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period last year, the company posted $2.58 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.27%. Marathon Petroleum’s payout ratio is presently 51.20%.

Analyst Ratings Changes

MPC has been the subject of a number of recent research reports. Barclays lifted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. Scotiabank lowered their price target on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.29.

Insider Activity

In related news, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Company 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.