F M Investments LLC Sells 12,108 Shares of Marathon Petroleum Co. (NYSE:MPC)

F M Investments LLC trimmed its position in Marathon Petroleum Co. (NYSE:MPC) by 32.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,063 shares of the oil and gas company’s stock after selling 12,108 shares during the quarter. F M Investments LLC’s holdings in Marathon Petroleum were worth $4,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC boosted its position in shares of 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 valued at $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Marathon Petroleum during the first quarter valued at approximately $29,000. Wellington Shields & Co. LLC bought a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $40,000. TruNorth Capital Management LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $35,000. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MPC shares. Mizuho dropped their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Wolfe Research assumed coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price target for the company. Citigroup dropped their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Barclays reduced their target price on Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Bank of America started coverage on Marathon Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.00.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $143.13 on Friday. The stock has a market capitalization of $47.90 billion, a P/E ratio of 7.52, a P/E/G ratio of 2.78 and a beta of 1.38. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The business has a 50-day moving average price of $162.57 and a two-hundred day moving average price of $171.33.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the firm posted $5.32 earnings per share. Marathon Petroleum’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that Marathon Petroleum Co. will post 8.71 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $0.91 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 17.34%.

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.