Oppenheimer Asset Management Inc. Has $5.73 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

Oppenheimer Asset Management Inc. lessened its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,096 shares of the oil and gas company's stock after selling 2,078 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Marathon Petroleum were worth $5,733,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Gladius Capital Management LP bought a new position in shares of Marathon Petroleum in the third quarter worth about $26,000. MeadowBrook Investment Advisors LLC grew its holdings in 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 valued at $28,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC increased its position in 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 buying an additional 148 shares during the period. Asset Planning Inc acquired a new position in shares of Marathon Petroleum during the fourth quarter worth approximately $28,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $4.43 on Monday, hitting $145.75. The stock had a trading volume of 2,714,514 shares, compared to its average volume of 2,826,225. The firm's 50 day moving average price is $148.39 and its 200-day moving average price is $155.21. 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 twelve month low of $130.54 and a twelve month high of $221.11. The company has a market capitalization of $46.84 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 3.11 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. During the same period in the prior year, the firm earned $3.98 earnings per share. The company's quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum announced that its Board of Directors has authorized a share repurchase plan 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 buy up to 10% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.50%. Marathon Petroleum's payout ratio is 36.66%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. TD Cowen reaffirmed a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Raymond James lifted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 17th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Barclays reduced their price objective on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $181.27.

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.