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

Advisor OS LLC cut its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,553 shares of the oil and gas company’s stock after selling 76 shares during the period. Advisor OS LLC’s holdings in Marathon Petroleum were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MPC. Pallas Capital Advisors LLC raised its position in Marathon Petroleum by 34.0% during the third quarter. Pallas Capital Advisors LLC now owns 2,235 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 567 shares during the period. Diversify Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 14.9% in the third quarter. Diversify Wealth Management LLC now owns 3,790 shares of the oil and gas company’s stock worth $583,000 after buying an additional 492 shares during the period. Reston Wealth Management LLC raised its holdings in shares of Marathon Petroleum by 6.6% in the third quarter. Reston Wealth Management LLC now owns 1,450 shares of the oil and gas company’s stock worth $236,000 after buying an additional 90 shares during the period. Americana Partners LLC purchased a new stake in shares of Marathon Petroleum in the third quarter worth approximately $411,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Marathon Petroleum by 42.9% in the third quarter. Farther Finance Advisors LLC now owns 3,459 shares of the oil and gas company’s stock worth $564,000 after buying an additional 1,038 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPC. TD Cowen reiterated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James increased their price target 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 reduced their price target on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $181.27.

Marathon Petroleum Stock Up 1.4 %

Shares of NYSE MPC opened at $150.07 on Friday. 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 capitalization of $48.23 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 3.11 and a beta of 1.41. The stock’s fifty day simple moving average is $148.15 and its two-hundred day simple moving average is $155.76. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.98 EPS. As a group, analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.43%. Marathon Petroleum’s payout ratio is 36.66%.

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

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

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.