Dynamic Advisor Solutions LLC lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC – Get Rating) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,506 shares of the oil and gas company’s stock after buying an additional 102 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Marathon Petroleum were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Ten Capital Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the third quarter valued at about $29,000. McClarren Financial Advisors Inc. purchased a new stake in Marathon Petroleum in the third quarter worth about $32,000. MBM Wealth Consultants LLC grew its holdings in Marathon Petroleum by 41.3% in the third quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Homestead Advisers Corp purchased a new stake in Marathon Petroleum in the third quarter worth about $35,000. Finally, Almanack Investment Partners LLC. purchased a new stake in Marathon Petroleum in the third quarter worth about $38,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.
Marathon Petroleum Stock Down 1.0 %
Shares of Marathon Petroleum stock opened at $126.98 on Thursday. The company has a market cap of $56.08 billion, a price-to-earnings ratio of 4.44, a price-to-earnings-growth ratio of 0.22 and a beta of 1.60. The company’s 50 day moving average is $125.68 and its 200 day moving average is $115.83. Marathon Petroleum Co. has a twelve month low of $77.62 and a twelve month high of $136.46. The company has a quick ratio of 1.32, a current ratio of 1.76 and a debt-to-equity ratio of 0.75.
Marathon Petroleum Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 16th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. Marathon Petroleum’s dividend payout ratio (DPR) is 10.49%.
Insider Activity at Marathon Petroleum
In other Marathon Petroleum news, Director Kim K.W. Rucker sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $780,000.00. Following the transaction, the director now directly owns 34,950 shares in the company, valued at $4,543,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on MPC shares. Barclays upped their price objective on shares of Marathon Petroleum from $126.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, January 9th. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, January 20th. Mizuho upgraded shares of Marathon Petroleum from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $133.00 to $160.00 in a report on Friday, March 10th. Raymond James upped their price objective on shares of Marathon Petroleum from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Wednesday, February 1st. Finally, Cowen increased their price target on shares of Marathon Petroleum from $133.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Buy” and a consensus price target of $138.63.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.
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