First Nebraska Trust Co Takes $4.41 Million Position in Marathon Petroleum Corporation $MPC

First Nebraska Trust Co bought a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 1st quarter, Holdings Channel reports. The fund bought 18,069 shares of the oil and gas company’s stock, valued at approximately $4,412,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in Marathon Petroleum during the first quarter valued at approximately $35,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Marathon Petroleum in the first quarter worth $40,000. Navalign LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $31,000. Finally, Berbice Capital Management LLC raised its position in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on MPC shares. Barclays upped their target price on shares of Marathon Petroleum from $270.00 to $289.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. The Goldman Sachs Group raised their price target on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research report on Friday, June 12th. Raymond James Financial upped their price objective on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Weiss Ratings upgraded Marathon Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 6th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.69.

Insider Activity

In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $316.25 on Friday. The firm has a market cap of $92.33 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 0.20 and a beta of 0.52. The firm has a fifty day moving average price of $274.13 and a 200 day moving average price of $237.42. Marathon Petroleum Corporation has a fifty-two week low of $158.00 and a fifty-two week high of $326.92. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. Marathon Petroleum’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) EPS. As a group, sell-side analysts expect that Marathon Petroleum Corporation will post 43.19 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.3%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 26.11%.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.