SeaCrest Wealth Management LLC Has $732,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

SeaCrest Wealth Management LLC trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of MPC. Acadian Asset Management LLC boosted its position 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 worth $479,000 after buying an additional 910 shares during the period. Cibc World Market Inc. acquired a new position in shares of Marathon Petroleum during the first quarter worth about $282,000. Vontobel Holding Ltd. boosted its position 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 worth $1,584,000 after buying an additional 293 shares during the period. Sei Investments Co. boosted its position 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 worth $7,800,000 after buying an additional 18,230 shares during the period. Finally, Moors & Cabot Inc. boosted its position 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 worth $807,000 after buying an additional 937 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MPC. TD Cowen upped their price objective on Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Bank of America increased their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their price target on Marathon Petroleum from $183.00 to $214.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group increased their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.09.

Marathon Petroleum Stock Performance

NYSE:MPC traded up $4.51 on Friday, hitting $201.50. The company’s stock had a trading volume of 6,064,106 shares, compared to its average volume of 2,881,661. 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 stock has a fifty day moving average of $174.04 and a two-hundred day moving average of $158.54. The firm has a market capitalization of $72.61 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 2.08 and a beta of 1.50. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $203.01.

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

Marathon Petroleum Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.64%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 14.02%.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum 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.