Marathon Petroleum Corporation (MPC) Shares Sold by Hancock Holding Co

Cornelia Mascio
Giugno 19, 2017

Savant Capital LLC boosted its position in Marathon Petroleum Corporation (NYSE:MPC) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Hancock Holding Co. owned about 0.05% of Marathon Petroleum Corporation worth $13,723,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company.

While looking at the Stock's Performance, Marathon Oil Corporation now shows a Weekly Performance of -0.16%, where Monthly Performance is -12.75%, Quarterly performance is -19.02%, 6 Months performance is -31.21% and yearly performance percentage is -1.18%. State Street Corp increased its position in shares of Marathon Petroleum Corporation by 3.2% in the fourth quarter. Wealthfront Inc. now owns 12,271 shares of the oil and gas company's stock valued at $618,000 after buying an additional 812 shares in the last quarter. The Lucas Capital Management holds 15,900 shares with $275,000 value, down from 39,900 last quarter. FMR LLC increased its stake in Marathon Oil Corporation by 3.9% in the fourth quarter. Tarbox Group Inc. now owns 2,423 shares of the oil and gas company's stock worth $122,000 after buying an additional 36 shares during the last quarter. Institutional investors own 81.96% of the company's stock.

Marathon Petroleum Corporation (MPC) traded up 0.32% during mid-day trading on Monday, hitting $53.94. Cypress Asset Management Tx owns 13,100 shares. The stock has a 50 day moving average price of $52.53 and a 200 day moving average price of $50.36. The firm has a market capitalization of $27.98 billion, a PE ratio of 23.78 and a beta of 1.67. Marathon Petroleum Corporation (NYSE:MPC) presently has a 10 month price index of 1.29195.

Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.06 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.07. Marathon Petroleum Corporation had a net margin of 1.80% and a return on equity of 5.68%. The company had revenue of $16.39 billion during the quarter, compared to analyst estimates of $19.03 billion. During the same period in the previous year, the company earned $0.07 earnings per share. The company's quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts anticipate that Marathon Oil Corporation will post ($0.20) EPS for the current fiscal year. Stockholders of record on Wednesday, May 17th were given a $0.36 dividend.

Since February 9, 2017, it had 1 buy, and 4 insider sales for $2.67 million activity. The ex-dividend date of this dividend was Monday, May 15th. Marathon Oil Corporation's dividend payout ratio (DPR) is now -2.53%. On Wednesday, May 24 Palmer C. Michael sold $213,000 worth of Marathon Petroleum Corp (NYSE:MPC) or 4,000 shares. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & global copyright laws. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/06/19/isthmus-partners-llc-has-101000-stake-in-marathon-petroleum-corporation-mpc.html.

A number of other equities research analysts also recently issued reports on MRO. Royal Bank Of Canada restated a "buy" rating and issued a $69.00 price objective on shares of Marathon Petroleum Corporation in a research note on Thursday, June 1st. Bank of America Corporation cut Marathon Oil Corporation from a "buy" rating to a "neutral" rating and dropped their target price for the company from $25.00 to $22.00 in a report on Thursday, May 11th. Jefferies Group LLC reaffirmed a "buy" rating and issued a $61.00 target price on shares of Marathon Petroleum Corporation in a report on Wednesday, April 19th. Marathon Oil Corporation has a consensus rating of Hold and a consensus target price of $19.34. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Marathon Petroleum Corporation has a consensus rating of "Buy" and an average target price of $58.50. This figure is found by taking the postscript price and multiplying it by the total number of shares outstanding. The lowest price the stock reached in the last trading day was $0.6099 and compares with the $0.45 52-week low. Following the completion of the transaction, the vice president now owns 62,325 shares of the company's stock, valued at approximately $3,243,393. The score helps determine if a company's stock is valuable or not.

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream.

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