TCW Group Inc. Has $3.01 Million Position in Marathon Petroleum Corporation (NYSE:MPC)

Key Points

• TCW Group Inc. reduced its stake in Marathon Petroleum by 15.1%, holding 20,661 shares valued at approximately $3,010,000 after selling 3,661 shares.
• The company recently announced a quarterly dividend of $0.91, resulting in an annualized yield of 2.12%, with a payout ratio of 51.20%.
• Analysts have a consensus rating of "Hold" on Marathon Petroleum shares, with a target price of $183.93 and varying opinions among research firms about the stock's performance.

TCW Group Inc. decreased its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,661 shares of the oil and gas company's stock after selling 3,661 shares during the quarter. TCW Group Inc.'s holdings in Marathon Petroleum were worth $3,010,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Beverly Hills Private Wealth LLC boosted its holdings in shares of Marathon Petroleum by 1.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock valued at $928,000 after acquiring an additional 76 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Marathon Petroleum by 2.3% during the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock valued at $554,000 after acquiring an additional 86 shares during the period. Southland Equity Partners LLC boosted its holdings in shares of Marathon Petroleum by 6.2% during the first quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock valued at $226,000 after acquiring an additional 90 shares during the period. Prudent Man Advisors LLC lifted its holdings in Marathon Petroleum by 2.3% in the first quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company's stock worth $591,000 after purchasing an additional 91 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in Marathon Petroleum by 1.9% in the fourth quarter. Benjamin Edwards Inc. now owns 5,021 shares of the oil and gas company's stock worth $700,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MPC. Evercore ISI began coverage on shares of Marathon Petroleum in a report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price objective for the company. TD Cowen upped their price objective on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Mizuho upped their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price target on shares of Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $200.00 price target (up from $180.00) on shares of Marathon Petroleum in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Hold" and an average target price of $183.93.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $0.66 during trading hours on Thursday, reaching $170.13. 411,033 shares of the company were exchanged, compared to its average volume of 2,707,343. The firm has a market cap of $52.26 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.00 and a beta of 0.88. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average of $168.46 and a 200 day moving average of $153.00. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 earnings per share. As a group, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.14%. Marathon Petroleum's dividend payout ratio is 51.20%.

Insider Activity

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction 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 sale, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

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.