Dynamic Advisor Solutions LLC Raises Holdings in Marathon Petroleum Co. (NYSE:MPC)

Dynamic Advisor Solutions LLC boosted its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 80.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,595 shares of the oil and gas company's stock after acquiring an additional 9,161 shares during the period. Dynamic Advisor Solutions LLC's holdings in Marathon Petroleum were worth $3,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC increased its stake in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the 1st quarter worth approximately $29,000. Vima LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $30,000. TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Marathon Petroleum during the second quarter worth $35,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Up 1.7 %

Shares of MPC traded up $2.68 on Wednesday, hitting $162.67. 2,243,271 shares of the stock traded hands, compared to its average volume of 2,703,013. Marathon Petroleum Co. has a 1 year low of $140.98 and a 1 year high of $221.11. The stock's 50 day moving average is $169.35 and its two-hundred day moving average is $177.79. The firm has a market capitalization of $57.31 billion, a P/E ratio of 8.13, a P/E/G ratio of 2.59 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts' consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.32 EPS. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 10.56 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio is currently 16.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MPC shares. Tudor Pickering lowered shares of Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Wednesday. Tudor, Pickering, Holt & Co. downgraded shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a research report on Monday, September 9th. TD Cowen raised their price objective on Marathon Petroleum from $187.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Finally, Barclays reduced their price objective on Marathon Petroleum from $195.00 to $185.00 and set an "overweight" rating for the company in a report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.14.

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.