Prudent Man Advisors LLC Has $603,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Prudent Man Advisors LLC decreased its holdings in Marathon Petroleum Co. (NYSE:MPCGet Rating) by 17.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,431 shares of the oil and gas company’s stock after selling 2,016 shares during the period. Prudent Man Advisors LLC’s holdings in Marathon Petroleum were worth $603,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MPC. Addison Advisors LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth $28,000. Ellis Investment Partners LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $30,000. Column Capital Advisors LLC lifted its stake in shares of Marathon Petroleum by 337.7% in the 4th quarter. Column Capital Advisors LLC now owns 499 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 385 shares during the period. Roble Belko & Company Inc purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $32,000. Finally, Legacy Bridge LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at approximately $33,000. 80.91% of the stock is currently owned by institutional investors.

In related news, Director Kim K.W. Rucker sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $83.00, for a total transaction of $415,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on MPC. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $90.00 target price for the company in a research note on Monday, February 7th. StockNews.com began coverage on Marathon Petroleum in a report on Thursday, March 31st. They issued a “buy” rating for the company. Cowen boosted their price target on Marathon Petroleum from $83.00 to $90.00 in a report on Thursday, February 3rd. TheStreet upgraded Marathon Petroleum from a “c+” rating to a “b” rating in a report on Wednesday, March 2nd. Finally, Citigroup increased their price target on shares of Marathon Petroleum from $85.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $96.55.

Shares of NYSE MPC traded up $0.78 during midday trading on Thursday, reaching $92.74. 6,970,343 shares of the company’s stock were exchanged, compared to its average volume of 6,507,697. Marathon Petroleum Co. has a 52-week low of $50.19 and a 52-week high of $96.90. The business’s fifty day moving average price is $84.58 and its two-hundred day moving average price is $74.37. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.25 and a current ratio of 1.45. The stock has a market capitalization of $50.17 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.77.

Marathon Petroleum (NYSE:MPCGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The oil and gas company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.10. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $32.46 billion. Marathon Petroleum had a return on equity of 7.60% and a net margin of 7.93%. The firm’s quarterly revenue was up 67.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) EPS. Analysts predict that Marathon Petroleum Co. will post 9.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 18th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 17th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.77%.

Marathon Petroleum Company Profile (Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

Featured Articles

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co. (NYSE:MPCGet Rating).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.