Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by DCM Advisors LLC

DCM Advisors LLC lifted its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,336 shares of the oil and gas company's stock after purchasing an additional 3,111 shares during the quarter. Marathon Petroleum comprises about 2.3% of DCM Advisors LLC's holdings, making the stock its 18th largest holding. DCM Advisors LLC's holdings in Marathon Petroleum were worth $4,929,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. Scotiabank cut their target price on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company raised their target price on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Raymond James cut their target price 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, 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 note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Stock Up 0.2%

NYSE:MPC traded up $0.29 during midday trading on Friday, reaching $159.18. The company had a trading volume of 1,576,721 shares, compared to its average volume of 2,710,315. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.11 and a beta of 0.87. The stock's fifty day simple moving average is $141.58 and its 200-day simple moving average is $145.99. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $183.31. 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 - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend on an annualized basis and a yield of 2.29%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the acquisition, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

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.