Cetera Investment Advisers Has $11.82 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Cetera Investment Advisers trimmed its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,747 shares of the oil and gas company's stock after selling 4,072 shares during the period. Cetera Investment Advisers' holdings in Marathon Petroleum were worth $11,822,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MPC. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum in the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum in the fourth quarter worth approximately $31,000. Cape Investment Advisory Inc. increased its holdings in Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Marathon Petroleum in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the transaction, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. This trade represents a 19.68% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

MPC has been the topic of several analyst reports. Scotiabank lowered their price target on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company boosted their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday. TD Cowen raised their target price on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Raymond James dropped their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Mizuho upped their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Stock Up 0.5%

Shares of Marathon Petroleum stock traded up $0.80 on Wednesday, reaching $163.64. 2,291,155 shares of the company were exchanged, compared to its average volume of 2,718,447. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $183.31. The company has a market capitalization of $50.27 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 3.11 and a beta of 0.87. 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 50-day moving average of $138.07 and a 200 day moving average of $145.21.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same quarter in the prior year, the business earned $2.58 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.22%. Marathon Petroleum's dividend payout ratio is currently 51.20%.

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.