NorthCrest Asset Manangement LLC Decreases Stock Holdings in Marathon Petroleum Corporation $MPC

NorthCrest Asset Manangement LLC reduced its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 78.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,001 shares of the oil and gas company’s stock after selling 25,892 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Marathon Petroleum were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Associated Banc Corp increased its stake in Marathon Petroleum by 2.1% during the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock worth $477,000 after acquiring an additional 52 shares during the last quarter. CoreCap Advisors LLC raised its holdings in Marathon Petroleum by 2.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 59 shares during the period. CI Investments Inc. lifted its position in Marathon Petroleum by 1.8% in the third quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock worth $643,000 after buying an additional 60 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in Marathon Petroleum by 1.6% during the third quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after buying an additional 63 shares during the period. Finally, Warwick Investment Management Inc. increased its position in Marathon Petroleum by 4.6% during the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling sold 1,626 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider owned 7,525 shares in the company, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 4,473 shares of company stock valued at $1,015,428 in the last three months. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Raymond James Financial upped their target price on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Mizuho raised their price target on Marathon Petroleum from $205.00 to $224.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. TD Cowen increased their target price on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Scotiabank reissued an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research note on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.44.

Marathon Petroleum Stock Up 0.0%

Shares of Marathon Petroleum stock opened at $232.63 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a market cap of $68.51 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.39 and a beta of 0.69. The firm’s 50-day moving average is $200.16 and its two-hundred day moving average is $190.59. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $242.98.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.7%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Marathon Petroleum 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.