Kathmere Capital Management LLC Sells 707 Shares of Marathon Petroleum Co. (NYSE:MPC)

Kathmere Capital Management LLC cut its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,814 shares of the oil and gas company’s stock after selling 707 shares during the quarter. Kathmere Capital Management LLC’s holdings in Marathon Petroleum were worth $672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gladius Capital Management LP bought a new position in Marathon Petroleum during the 3rd quarter worth $26,000. MeadowBrook Investment Advisors LLC increased its position in shares of Marathon Petroleum by 88.9% in the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC raised its stake in Marathon Petroleum by 672.7% in the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Marathon Petroleum during the third quarter worth about $30,000. Finally, Darwin Wealth Management LLC bought a new position in Marathon Petroleum in the 3rd quarter valued at about $33,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now owns 6,090 shares in the company, valued at approximately $911,124.90. The trade was a 6,666.67 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Up 1.8 %

Shares of MPC opened at $152.05 on Thursday. The stock’s 50-day moving average price is $147.88 and its two-hundred day moving average price is $159.57. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The company has a market capitalization of $48.87 billion, a PE ratio of 12.05, a PEG ratio of 2.56 and a beta of 1.42. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The company had revenue of $35.37 billion for the quarter, compared to analyst estimates of $34.34 billion. During the same period in the previous year, the firm earned $8.14 earnings per share. The firm’s quarterly revenue was down 14.9% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Co. will post 9.47 EPS for the current year.

Marathon Petroleum announced that its Board of Directors has authorized a share buyback program on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 2.39%. Marathon Petroleum’s dividend payout ratio is 28.84%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MPC shares. Citigroup reduced their price target on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Scotiabank decreased their price target on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays dropped their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company decreased their target price on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $183.73.

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.