Dakota Wealth Management Sells 3,990 Shares of Marathon Petroleum Corporation $MPC

Dakota Wealth Management decreased its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,197 shares of the oil and gas company’s stock after selling 3,990 shares during the quarter. Dakota Wealth Management’s holdings in Marathon Petroleum were worth $3,700,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Delos Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $25,000. NewSquare Capital LLC grew its stake in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. WFA of San Diego LLC purchased a new position in Marathon Petroleum during the 2nd quarter worth $33,000. Transce3nd LLC raised its position in Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 205 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of Marathon Petroleum by 46.1% in the 2nd quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after buying an additional 71 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Up 1.2%

Shares of Marathon Petroleum stock opened at $195.10 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The company has a market cap of $58.65 billion, a P/E ratio of 14.61, a PEG ratio of 1.25 and a beta of 0.74. The firm’s 50 day moving average price is $180.40 and its 200-day moving average price is $183.85. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $210.32.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The company had revenue of $35.10 billion during the quarter, compared to analysts’ expectations of $30.89 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Marathon Petroleum’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen raised their price target on Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Raymond James Financial increased their target price on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday, January 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Marathon Petroleum from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.