Marathon Petroleum Co. (NYSE:MPC) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,800 shares of the oil and gas company's stock after buying an additional 2,740 shares during the quarter. D.A. Davidson & CO.'s holdings in Marathon Petroleum were worth $3,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after purchasing an additional 4,328,470 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Marathon Petroleum by 22.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after buying an additional 647,045 shares in the last quarter. Bank of Montreal Can grew its position in shares of Marathon Petroleum by 45.4% in the 3rd quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company's stock worth $217,560,000 after buying an additional 415,368 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Marathon Petroleum by 19,153.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company's stock worth $213,605,000 after acquiring an additional 1,304,372 shares in the last quarter. Finally, National Pension Service boosted its stake in Marathon Petroleum by 3.1% in the third quarter. National Pension Service now owns 977,250 shares of the oil and gas company's stock valued at $159,204,000 after acquiring an additional 29,008 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the transaction, the director now directly owns 6,090 shares of the company's stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Performance

Marathon Petroleum stock traded down $1.05 during midday trading on Monday, hitting $152.70. 3,688,665 shares of the company were exchanged, compared to its average volume of 2,849,716. 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 firm has a market capitalization of $49.07 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.41. The business has a fifty day simple moving average of $147.01 and a two-hundred day simple moving average of $156.24. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11.

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

Marathon Petroleum announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 10% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.38%. Marathon Petroleum's payout ratio is currently 36.66%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPC. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Mizuho reduced their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company raised their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Barclays cut their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Finally, TD Cowen reiterated a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.27.

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.