Marathon Petroleum Co. (NYSE:MPC) Stock Position Cut by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,183 shares of the oil and gas company's stock after selling 36,698 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Marathon Petroleum were worth $4,490,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Gladius Capital Management LP acquired a new position in Marathon Petroleum during the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth $27,000. MeadowBrook Investment Advisors LLC raised its position in shares of Marathon Petroleum by 88.9% in 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 during the period. True Wealth Design LLC boosted its holdings 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 acquiring an additional 148 shares during the last quarter. Finally, Asset Planning Inc purchased a new stake in Marathon Petroleum during the fourth quarter valued at about $28,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded down $1.33 during trading hours on Monday, reaching $136.22. The company's stock had a trading volume of 2,795,628 shares, compared to its average volume of 2,516,300. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The company's 50 day simple moving average is $148.61 and its 200 day simple moving average is $154.16. The stock has a market cap of $42.58 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 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 return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.98 earnings per share. As a group, analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

Analysts Set New Price Targets

A number of research firms have recently commented on MPC. TD Cowen restated a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Barclays dropped their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Raymond James increased their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus price target of $182.00.

Insider Activity

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company's stock.

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.