Bank of Jackson Hole Trust Makes New $63,000 Investment in Marathon Petroleum Co. (NYSE:MPC)

Bank of Jackson Hole Trust acquired a new position in Marathon Petroleum Co. (NYSE:MPC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 455 shares of the oil and gas company’s stock, valued at approximately $63,000.

Several other hedge funds have also bought and sold shares of MPC. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Marathon Petroleum by 7.6% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,660 shares of the oil and gas company’s stock worth $1,487,000 after buying an additional 751 shares during the period. BKM Wealth Management LLC raised its stake in shares of Marathon Petroleum by 25.3% during the 4th quarter. BKM Wealth Management LLC now owns 6,475 shares of the oil and gas company’s stock worth $903,000 after buying an additional 1,306 shares during the period. Kestra Investment Management LLC raised its stake in shares of Marathon Petroleum by 111.6% during the 4th quarter. Kestra Investment Management LLC now owns 2,827 shares of the oil and gas company’s stock worth $394,000 after buying an additional 1,491 shares during the period. D.A. Davidson & CO. raised its stake in shares of Marathon Petroleum by 10.9% during the 4th quarter. D.A. Davidson & CO. now owns 27,800 shares of the oil and gas company’s stock worth $3,878,000 after buying an additional 2,740 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Marathon Petroleum by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 53,788 shares of the oil and gas company’s stock worth $7,503,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays reduced their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Raymond James upped their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, TD Cowen reissued a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $181.27.

Marathon Petroleum Stock Performance

NYSE MPC opened at $156.79 on Thursday. The stock has a market cap of $50.39 billion, a PE ratio of 15.79, a P/E/G ratio of 3.07 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The stock has a fifty day simple moving average of $146.32 and a 200-day simple moving average of $156.63.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.98 EPS. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 5th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

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.