Dynamic Advisor Solutions LLC Decreases Position in Marathon Petroleum Co. (NYSE:MPC)

Dynamic Advisor Solutions LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,956 shares of the oil and gas company’s stock after selling 9,639 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Marathon Petroleum were worth $1,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MPC. Marshall Wace LLP increased its holdings in Marathon Petroleum by 1,037.7% in the 2nd quarter. Marshall Wace LLP now owns 12,207 shares of the oil and gas company’s stock worth $2,118,000 after acquiring an additional 11,134 shares during the last quarter. AXA S.A. increased its stake in shares of Marathon Petroleum by 142.2% in the second quarter. AXA S.A. now owns 50,526 shares of the oil and gas company’s stock worth $8,765,000 after purchasing an additional 29,665 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at approximately $4,467,000. Dorsey Wright & Associates boosted its holdings in Marathon Petroleum by 147.6% in the 2nd quarter. Dorsey Wright & Associates now owns 24,375 shares of the oil and gas company’s stock worth $4,229,000 after buying an additional 14,532 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its stake in Marathon Petroleum by 51.6% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 77,480 shares of the oil and gas company’s stock valued at $13,441,000 after buying an additional 26,375 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MPC shares. Citigroup cut their price target on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company cut their target price on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Mizuho decreased their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America began coverage on shares of Marathon Petroleum in a research report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on shares of Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.20.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $151.43 on Friday. The business’s 50-day moving average price is $147.18 and its 200-day moving average price is $158.58. The firm has a market capitalization of $48.67 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.88 and a beta of 1.42. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping the consensus estimate of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm had revenue of $35.37 billion for the quarter, compared to the consensus estimate of $34.34 billion. During the same period last year, the firm posted $8.14 earnings per share. The business’s revenue was down 14.9% compared to the same quarter last year. Sell-side analysts forecast that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 5th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.91 per share. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, November 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 28.84%.

About Marathon Petroleum

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.