D Orazio & Associates Inc. Sells 143 Shares of Marathon Petroleum Co. (NYSE:MPC)

D Orazio & Associates Inc. trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,724 shares of the oil and gas company’s stock after selling 143 shares during the period. D Orazio & Associates Inc.’s holdings in Marathon Petroleum were worth $240,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in Marathon Petroleum by 1,204.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock valued at $75,757,000 after purchasing an additional 501,441 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Marathon Petroleum by 27.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 43,174 shares of the oil and gas company’s stock worth $7,033,000 after buying an additional 9,355 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Marathon Petroleum by 747.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock worth $3,466,000 after acquiring an additional 18,764 shares in the last quarter. Holistic Planning LLC acquired a new stake in Marathon Petroleum in the third quarter valued at $912,000. Finally, World Investment Advisors LLC increased its stake in shares of Marathon Petroleum by 4,227.5% during the 3rd quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company’s stock worth $11,364,000 after purchasing an additional 68,147 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, Director Jeffrey C. Campbell bought 6,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $149.61 per share, with a total value of $897,660.00. Following the completion of the purchase, the director now owns 6,090 shares in the company, valued at $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Down 1.2 %

Shares of MPC stock opened at $150.13 on Friday. The stock has a 50 day simple moving average of $146.03 and a 200 day simple moving average of $157.74. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year 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. The stock has a market cap of $48.25 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.98 EPS. On average, research analysts predict that Marathon Petroleum Co. will post 8.7 earnings per share for the current fiscal year.

Marathon Petroleum declared that its Board of Directors has approved a stock buyback plan on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Wall Street Analysts Forecast Growth

MPC has been the subject of several recent analyst reports. Mizuho cut their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Bank of America began coverage on Marathon Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price for the company. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday. Raymond James upped their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.27.

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.