Poehling Capital Management INC. Sells 100 Shares of Marathon Petroleum Co. (NYSE:MPC)

by · The Cerbat Gem

Poehling Capital Management INC. reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC – Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,569 shares of the oil and gas company’s stock after selling 100 shares during the period. Poehling Capital Management INC.’s holdings in Marathon Petroleum were worth $3,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MPC. Merit Financial Group LLC grew its holdings in shares of Marathon Petroleum by 103.0% during the fourth quarter. Merit Financial Group LLC now owns 7,936 shares of the oil and gas company’s stock worth $1,107,000 after purchasing an additional 4,026 shares during the last quarter. Transform Wealth LLC grew its holdings in shares of Marathon Petroleum by 43.2% during the fourth quarter. Transform Wealth LLC now owns 1,997 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 602 shares during the last quarter. White Pine Investment CO grew its holdings in shares of Marathon Petroleum by 0.5% during the fourth quarter. White Pine Investment CO now owns 54,008 shares of the oil and gas company’s stock worth $7,534,000 after purchasing an additional 280 shares during the last quarter. Albion Financial Group UT grew its holdings in shares of Marathon Petroleum by 15.1% during the fourth quarter. Albion Financial Group UT now owns 1,172 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 154 shares during the last quarter. Finally, GoalVest Advisory LLC grew its holdings in shares of Marathon Petroleum by 15.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,352 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 180 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Evan Bayh bought 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MPC has been the topic of several research reports. Wells Fargo & Company boosted their price target on Marathon Petroleum from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Scotiabank reduced their target price on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Mizuho upped their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley reduced their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.29.

Check Out Our Latest Stock Report on Marathon Petroleum

Marathon Petroleum Price Performance

Shares of MPC opened at $156.80 on Thursday. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The business’s 50 day moving average price is $141.06 and its two-hundred day moving average price is $145.89. The firm has a market cap of $48.17 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

About Marathon Petroleum

(Free Report)

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.

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