Marathon Petroleum Co. (NYSE:MPC) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in Marathon Petroleum Co. (NYSE:MPC) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,803 shares of the oil and gas company’s stock after selling 679 shares during the period. SeaCrest Wealth Management LLC’s holdings in Marathon Petroleum were worth $732,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of Marathon Petroleum by 19.4% during the first quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 910 shares during the period. Cibc World Market Inc. acquired a new position in shares of Marathon Petroleum during the first quarter valued at $282,000. Vontobel Holding Ltd. increased its holdings in shares of Marathon Petroleum by 1.6% during the first quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 293 shares during the period. Sei Investments Co. increased its holdings in shares of Marathon Petroleum by 25.1% during the first quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock valued at $7,800,000 after purchasing an additional 18,230 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in shares of Marathon Petroleum by 11.0% during the first quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock valued at $807,000 after purchasing an additional 937 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 2.3 %

NYSE MPC traded up $4.51 during trading on Friday, reaching $201.50. 6,064,106 shares of the company’s stock were exchanged, compared to its average volume of 2,881,661. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $203.01. The firm has a market capitalization of $72.61 billion, a PE ratio of 8.56, a P/E/G ratio of 2.08 and a beta of 1.50. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $174.04 and its 200-day simple moving average is $158.54.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. During the same period last year, the business earned $6.65 EPS. The business’s quarterly revenue was down 8.9% on a year-over-year basis. Sell-side analysts predict that Marathon Petroleum Co. will post 15.82 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James raised their price target on Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Bank of America raised their target price on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Mizuho raised their target price on Marathon Petroleum from $159.00 to $201.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. The Goldman Sachs Group raised their target price on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Barclays raised their target price on Marathon Petroleum from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $182.09.

About Marathon Petroleum

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.