PDS Planning Inc Sells 346 Shares of Marathon Petroleum Co. (NYSE:MPC)

PDS Planning Inc cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,505 shares of the oil and gas company’s stock after selling 346 shares during the period. PDS Planning Inc’s holdings in Marathon Petroleum were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mystic Asset Management Inc. bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $1,206,000. TCTC Holdings LLC boosted its stake in shares of Marathon Petroleum by 3.3% during the fourth quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock valued at $12,730,000 after purchasing an additional 2,892 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its stake in shares of Marathon Petroleum by 55.2% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 2,084 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 741 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of Marathon Petroleum by 382.2% during the fourth quarter. Cibc World Markets Corp now owns 223,913 shares of the oil and gas company’s stock valued at $31,236,000 after purchasing an additional 177,480 shares in the last quarter. Finally, Sovereign Investment Advisors LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at approximately $411,000. 76.77% of the stock is currently owned by institutional investors.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Trading Down 0.1 %

NYSE:MPC opened at $146.00 on Wednesday. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The firm has a fifty day simple moving average of $148.56 and a 200-day simple moving average of $152.54. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $45.48 billion, a P/E ratio of 14.70, a PEG ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.98 earnings per share. On average, equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. Marathon Petroleum’s dividend payout ratio is presently 36.66%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MPC. Barclays raised their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, March 14th. Mizuho lowered their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen restated a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Raymond James raised their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Marathon Petroleum Company 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.