Bokf Na Purchases 16,813 Shares of Marathon Petroleum Co. (NYSE:MPC)

Bokf Na increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 48.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,791 shares of the oil and gas company’s stock after acquiring an additional 16,813 shares during the period. Bokf Na’s holdings in Marathon Petroleum were worth $10,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Marathon Petroleum during the 4th quarter worth $25,000. FinTrust Capital Advisors LLC lifted its holdings in Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the 1st quarter worth about $29,000. ICA Group Wealth Management LLC acquired a new position in Marathon Petroleum during the 4th quarter worth about $30,000. Finally, Vima LLC acquired a new position in Marathon Petroleum during the 4th quarter worth about $30,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Piper Sandler cut their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Wells Fargo & Company cut their target price on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Mizuho dropped their price objective on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $193.64.

Marathon Petroleum Stock Up 0.7 %

NYSE:MPC traded up $1.15 on Friday, hitting $172.65. The stock had a trading volume of 1,789,399 shares, compared to its average volume of 2,332,050. The business’s fifty day moving average is $171.80 and its 200 day moving average is $178.08. The company has a market cap of $60.83 billion, a PE ratio of 8.62, a P/E/G ratio of 2.08 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a 52 week low of $128.07 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.25. The business had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.09 earnings per share. On average, equities research analysts expect that Marathon Petroleum Co. will post 13.84 EPS for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 30th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.