Marathon Petroleum Co. (NYSE:MPC) Holdings Reduced by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,154 shares of the oil and gas company’s stock after selling 2,019 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in Marathon Petroleum were worth $10,623,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, Director Jeffrey C. Campbell bought 6,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now owns 6,090 shares in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by insiders.

Marathon Petroleum Stock Performance

Shares of MPC opened at $151.43 on Monday. The company has a market capitalization of $48.67 billion, a PE ratio of 12.00, a PEG ratio of 2.88 and a beta of 1.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company’s 50 day moving average price is $147.18 and its 200 day moving average price is $158.52. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.90. The business had revenue of $35.37 billion for the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. Marathon Petroleum’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $8.14 earnings per share. Research analysts expect that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum announced that its board has initiated a stock buyback program on Tuesday, November 5th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.91 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, November 20th. This represents a $3.64 annualized dividend and a dividend yield of 2.40%. Marathon Petroleum’s dividend payout ratio is 28.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. TD Cowen reaffirmed a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Scotiabank reduced their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Raymond James increased 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. Finally, Citigroup dropped their price target on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

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.