SPC Financial Inc. Has $3.39 Million Position in Marathon Petroleum Co. (NYSE:MPC)

SPC Financial Inc. lowered its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,286 shares of the oil and gas company's stock after selling 1,932 shares during the period. SPC Financial Inc.'s holdings in Marathon Petroleum were worth $3,388,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Marathon Petroleum by 342.1% during 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Marathon Petroleum by 7.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,803,951 shares of the oil and gas company's stock worth $670,151,000 after purchasing an additional 315,786 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Marathon Petroleum by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,485,925 shares of the oil and gas company's stock worth $346,787,000 after purchasing an additional 67,913 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Marathon Petroleum by 45.4% during the third quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company's stock valued at $217,560,000 after acquiring an additional 415,368 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 5.2 %

Shares of NYSE MPC traded down $7.44 during trading on Wednesday, hitting $135.18. 4,744,871 shares of the company traded hands, compared to its average volume of 2,883,139. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a 50-day moving average price of $148.53 and a 200-day moving average price of $154.81. The firm has a market capitalization of $43.44 billion, a P/E ratio of 13.61, a P/E/G ratio of 3.11 and a beta of 1.41. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

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 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.98 EPS. On average, equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James upped their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research report on Friday, January 17th. Barclays cut their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. TD Cowen reissued a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.