Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in shares of Marathon Petroleum Co. (NYSE:MPCFree Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,017 shares of the oil and gas company’s stock after selling 97 shares during the period. Stephens Inc. AR’s holdings in Marathon Petroleum were worth $1,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Marathon Petroleum by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,153,636 shares of the oil and gas company’s stock valued at $764,526,000 after purchasing an additional 137,341 shares during the period. Northern Trust Corp lifted its stake in Marathon Petroleum by 1.0% during the third quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company’s stock worth $685,088,000 after purchasing an additional 43,989 shares during the last quarter. Raymond James & Associates lifted its position in shares of Marathon Petroleum by 2.4% during the 4th quarter. Raymond James & Associates now owns 4,102,057 shares of the oil and gas company’s stock worth $608,581,000 after buying an additional 96,753 shares during the last quarter. Norges Bank purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $500,685,000. Finally, Pacer Advisors Inc. lifted its stake in Marathon Petroleum by 8.3% in the fourth quarter. Pacer Advisors Inc. now owns 2,341,364 shares of the oil and gas company’s stock valued at $347,365,000 after buying an additional 178,502 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America raised their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Mizuho lifted their price objective on Marathon Petroleum from $200.00 to $203.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Barclays reduced their price objective on shares of Marathon Petroleum from $221.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Finally, StockNews.com cut Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $193.92.

Read Our Latest Stock Analysis on MPC

Marathon Petroleum Stock Performance

MPC opened at $175.10 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $189.53 and a 200-day moving average of $173.28. Marathon Petroleum Co. has a 12-month low of $108.88 and a 12-month high of $221.11. The stock has a market cap of $61.69 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.51 and a beta of 1.45.

Marathon Petroleum (NYSE:MPCGet Free Report) last announced its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. The company had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. Marathon Petroleum’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.09 earnings per share. On average, equities research analysts expect that Marathon Petroleum Co. will post 19.3 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.825 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of 1.88%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Marathon Petroleum announced that its board has approved a share buyback plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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