DCM Advisors LLC Sells 3,111 Shares of Marathon Petroleum Corporation $MPC

Key Points

• DCM Advisors LLC has decreased its stake in Marathon Petroleum Corporation by 8.8%, now holding 32,225 shares valued at approximately $4.68 million.
• Marathon Petroleum's quarterly earnings report showed an EPS of $3.96, surpassing analyst expectations, though revenue decreased by 11.1% year-over-year.
• The company announced a quarterly dividend of $0.91 per share, with a dividend yield of 2.0% and a payout ratio of 54.01%.

DCM Advisors LLC trimmed its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,225 shares of the oil and gas company's stock after selling 3,111 shares during the quarter. Marathon Petroleum accounts for approximately 2.5% of DCM Advisors LLC's holdings, making the stock its 20th biggest holding. DCM Advisors LLC's holdings in Marathon Petroleum were worth $4,675,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MPC. Brighton Jones LLC increased its stake in shares of Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after buying an additional 1,178 shares during the period. GHE LLC increased its stake in shares of Marathon Petroleum by 1.8% in the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after buying an additional 665 shares during the period. Ethic Inc. increased its stake in shares of Marathon Petroleum by 55.4% in the fourth quarter. Ethic Inc. now owns 7,212 shares of the oil and gas company's stock worth $1,006,000 after buying an additional 2,572 shares during the period. Focus Partners Wealth increased its stake in shares of Marathon Petroleum by 58.3% in the fourth quarter. Focus Partners Wealth now owns 42,748 shares of the oil and gas company's stock worth $6,026,000 after buying an additional 15,743 shares during the period. Finally, Lionshead Wealth Management LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at $403,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

MPC stock traded down $2.13 during midday trading on Friday, hitting $180.18. The company's stock had a trading volume of 1,500,292 shares, compared to its average volume of 1,733,300. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $186.28. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 3.68 and a beta of 0.97. The company has a 50 day moving average of $172.81 and a two-hundred day moving average of $157.21.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The business had revenue of $34.10 billion during the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the prior year, the company posted $4.12 EPS. The firm's revenue for the quarter was down 11.1% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum's dividend payout ratio is presently 54.01%.

Analyst Ratings Changes

A number of research analysts have issued reports on MPC shares. Barclays boosted their price objective on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Raymond James Financial upped their price target on shares of Marathon Petroleum from $195.00 to $199.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Citigroup upped their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Wolfe Research cut shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, TD Cowen reduced their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $189.36.

Insider Buying and Selling

In other news, insider Molly R. Benson sold 10,879 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares in the company, valued at approximately $4,678,100. This represents a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the transaction, the director owned 18,944 shares of the company's stock, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum 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.