Dynamic Advisor Solutions LLC Sells 9,639 Shares of Marathon Petroleum Co. (NYSE:MPC)

Dynamic Advisor Solutions LLC lowered its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,956 shares of the oil and gas company's stock after selling 9,639 shares during the period. Dynamic Advisor Solutions LLC's holdings in Marathon Petroleum were worth $1,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Gladius Capital Management LP bought a new stake in shares of Marathon Petroleum in the third quarter valued at about $26,000. MeadowBrook Investment Advisors LLC boosted its position in 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 acquiring an additional 80 shares during the last quarter. True Wealth Design LLC grew its holdings 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 valued at $28,000 after acquiring an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Marathon Petroleum during the third quarter worth $30,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter valued at about $33,000. 76.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 completion of the purchase, the director now directly owns 6,090 shares in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Citigroup decreased their price objective on shares of Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Barclays cut their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Mizuho lowered their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, BMO Capital Markets decreased their price objective on Marathon Petroleum from $200.00 to $190.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and an average price target of $181.20.

Marathon Petroleum Trading Down 1.9 %

Shares of Marathon Petroleum stock traded down $2.88 during trading on Friday, hitting $151.43. The company's stock had a trading volume of 4,318,848 shares, compared to its average volume of 2,236,087. The stock has a market cap of $48.67 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.88 and a beta of 1.42. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The stock has a 50-day moving average price of $147.18 and a two-hundred day moving average price of $158.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The business had revenue of $35.37 billion for the quarter, compared to analyst estimates of $34.34 billion. During the same quarter in the previous year, the business earned $8.14 earnings per share. Marathon Petroleum's revenue for the quarter was down 14.9% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.88 EPS for the current fiscal year.

Marathon Petroleum declared that its board has authorized a share repurchase plan on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were given a $0.91 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $3.64 annualized dividend and a yield of 2.40%. This is an increase from Marathon Petroleum's previous quarterly dividend of $0.83. Marathon Petroleum's dividend payout ratio (DPR) is presently 28.84%.

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.