American National Bank & Trust Acquires 3,100 Shares of Marathon Petroleum Corporation $MPC

American National Bank & Trust grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 143.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,264 shares of the oil and gas company’s stock after acquiring an additional 3,100 shares during the period. American National Bank & Trust’s holdings in Marathon Petroleum were worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MPC. Delos Wealth Advisors LLC bought a new position in Marathon Petroleum during the 2nd quarter worth $25,000. Activest Wealth Management increased its stake in shares of Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares during the period. NewSquare Capital LLC raised its position in shares of Marathon Petroleum by 103.1% during the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum in the second quarter worth approximately $33,000. Finally, Transce3nd LLC boosted its holdings in Marathon Petroleum by 10,250.0% in the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $165.30 on Friday. The firm has a market capitalization of $49.69 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.62 and a beta of 0.74. The firm’s 50-day moving average price is $185.23 and its 200-day moving average price is $180.02. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.29.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The business had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. Equities research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were issued a $1.00 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MPC. UBS Group boosted their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Barclays lifted their target price on shares of Marathon Petroleum from $194.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Evercore ISI upped their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Piper Sandler lifted their price objective on Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Marathon Petroleum has an average rating of “Hold” and an average target price of $203.07.

Marathon Petroleum Company 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.