Flagship Harbor Advisors LLC Has $797,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Flagship Harbor Advisors LLC decreased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,715 shares of the oil and gas company’s stock after selling 660 shares during the period. Flagship Harbor Advisors LLC’s holdings in Marathon Petroleum were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MPC. Paragon Capital Management Inc. boosted its holdings in shares of Marathon Petroleum by 0.6% during the second quarter. Paragon Capital Management Inc. now owns 10,196 shares of the oil and gas company’s stock worth $1,769,000 after purchasing an additional 65 shares during the period. Catalyst Financial Partners LLC raised its position in Marathon Petroleum by 1.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 67 shares during the last quarter. American Trust lifted its holdings in Marathon Petroleum by 5.3% in the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock worth $228,000 after buying an additional 70 shares during the period. Financial Partners Group LLC grew its position in shares of Marathon Petroleum by 3.3% in the 3rd quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company’s stock worth $362,000 after buying an additional 71 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 3.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock valued at $303,000 after acquiring an additional 71 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC opened at $152.69 on Tuesday. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The business’s fifty day simple moving average is $147.18 and its two-hundred day simple moving average is $158.52. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $49.07 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 2.88 and a beta of 1.42.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data 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. The company had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. Marathon Petroleum’s revenue for the quarter was down 14.9% on a year-over-year basis. During the same period last year, the company earned $8.14 EPS. Research analysts anticipate that Marathon Petroleum Co. will post 8.88 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.38%. Marathon Petroleum’s dividend payout ratio (DPR) is 28.84%.

Marathon Petroleum declared that its Board of Directors has authorized a stock buyback program on Tuesday, November 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

MPC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Raymond James upped their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a report on Friday, January 17th. Barclays lowered their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Bank of America initiated coverage on Marathon Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective for the company. 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. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $181.20.

Insider Buying and Selling

In other news, Director Jeffrey C. Campbell acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the completion of the acquisition, the director now directly owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. The trade was a 6,666.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Company 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.