UMB Bank N A MO lowered its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,907 shares of the oil and gas company’s stock after selling 1,547 shares during the quarter. UMB Bank N A MO’s holdings in Marathon Petroleum were worth $659,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new position in shares of Marathon Petroleum during the fourth quarter worth about $28,000. Atlas Private Wealth Management purchased a new position in Marathon Petroleum in the 4th quarter valued at about $37,000. Liberty Wealth Management LLC boosted its stake in shares of Marathon Petroleum by 157.0% during the 1st quarter. Liberty Wealth Management LLC now owns 1,732 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,058 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Marathon Petroleum by 46.2% during the 1st quarter. Global Retirement Partners LLC now owns 2,027 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 641 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Marathon Petroleum by 215.6% in the first quarter. NewSquare Capital LLC now owns 2,225 shares of the oil and gas company’s stock valued at $53,000 after buying an additional 1,520 shares during the last quarter. Institutional investors own 74.00% of the company’s stock.

MPC stock traded down $1.63 during midday trading on Friday, reaching $35.06. 1,232,279 shares of the company’s stock traded hands, compared to its average volume of 9,520,232. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 0.61. Marathon Petroleum Corp has a fifty-two week low of $15.26 and a fifty-two week high of $69.65. The business has a 50-day moving average price of $35.99 and a two-hundred day moving average price of $42.28. The company has a market capitalization of $23.86 billion, a P/E ratio of -3.58 and a beta of 2.20.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.31) by $0.15. The business had revenue of $24.08 billion for the quarter, compared to the consensus estimate of $27.96 billion. Marathon Petroleum had a negative net margin of 5.48% and a positive return on equity of 7.88%. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) EPS. As a group, research analysts forecast that Marathon Petroleum Corp will post -2.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend was Tuesday, May 19th. Marathon Petroleum’s dividend payout ratio is presently 46.96%.

Several research firms have commented on MPC. Cfra cut shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, March 27th. Citigroup lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $26.00 in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on Marathon Petroleum from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. TheStreet cut Marathon Petroleum from a “c” rating to a “d” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Co dropped their price objective on shares of Marathon Petroleum from $67.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.69.

Marathon Petroleum Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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