Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,050 shares of the oil and gas company’s stock after acquiring an additional 296 shares during the period. Legacy Financial Advisors Inc.’s holdings in Marathon Petroleum were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $32,000. Bare Financial Services Inc acquired a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $32,000. Pittenger & Anderson Inc. purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $36,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Marathon Petroleum during the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MPC shares. Wells Fargo & Company raised their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Scotiabank raised their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. The Goldman Sachs Group upped their price target on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Mizuho lowered their price objective on shares of Marathon Petroleum from $202.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.62.

Marathon Petroleum Stock Down 0.2 %

Shares of NYSE MPC traded down $0.40 during trading on Friday, reaching $182.55. 1,868,555 shares of the stock were exchanged, compared to its average volume of 2,394,157. The business’s 50-day moving average price is $194.18 and its 200 day moving average price is $168.09. The company has a market capitalization of $64.32 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.53 and a beta of 1.55. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.85.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. During the same period in the prior year, the company posted $6.09 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts forecast that Marathon Petroleum Co. will post 19.96 EPS for the current fiscal year.

Marathon Petroleum announced that its board has authorized a share buyback plan on Tuesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Marathon Petroleum 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.