Crossmark Global Holdings Inc. Trims Holdings in Marathon Petroleum Corporation $MPC

Crossmark Global Holdings Inc. reduced its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 66,082 shares of the oil and gas company’s stock after selling 9,687 shares during the period. Crossmark Global Holdings Inc.’s holdings in Marathon Petroleum were worth $12,737,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MPC. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at about $25,000. NewSquare Capital LLC grew its stake in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Marathon Petroleum in the third quarter valued at approximately $39,000. WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum during the second quarter worth approximately $33,000. Finally, Transce3nd LLC lifted its holdings in shares of Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 205 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $217.52 on Friday. The firm has a market capitalization of $64.11 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.36 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. The business’s 50 day simple moving average is $186.04 and its 200-day simple moving average is $185.82. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $228.55.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. As a group, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Wall Street Analyst Weigh In

MPC has been the topic of several recent research reports. Weiss Ratings raised shares of Marathon Petroleum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. BMO Capital Markets raised their price objective on shares of Marathon Petroleum from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Barclays dropped their target price on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. reduced their price target on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

About Marathon Petroleum

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.