Bokf Na Lowers Holdings in Marathon Petroleum Co. (NYSE:MPC)

Bokf Na reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 11.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,788 shares of the oil and gas company’s stock after selling 6,003 shares during the quarter. Bokf Na’s holdings in Marathon Petroleum were worth $7,943,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its position in Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at $29,000. ICA Group Wealth Management LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $30,000. Wellington Shields & Co. LLC bought a new stake in Marathon Petroleum in the 1st quarter worth about $40,000. Finally, TruNorth Capital Management LLC purchased a new position in Marathon Petroleum in the 2nd quarter worth about $35,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $161.49 on Friday. The firm’s 50 day simple moving average is $170.17 and its two-hundred day simple moving average is $180.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The company has a market capitalization of $54.05 billion, a P/E ratio of 8.07, a P/E/G ratio of 2.09 and a beta of 1.38. Marathon Petroleum Co. has a 1-year low of $139.32 and a 1-year high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.32 EPS. Research analysts expect that Marathon Petroleum Co. will post 12.68 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research analyst reports. Wolfe Research started coverage on shares of Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Mizuho cut their price objective on Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Piper Sandler dropped their target price on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Finally, Raymond James reduced their price target on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Hold” and an average target price of $198.38.

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.