Teamwork Financial Advisors LLC Decreases Position in Marathon Petroleum Co. (NYSE:MPC)

Teamwork Financial Advisors LLC reduced its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,694 shares of the oil and gas company's stock after selling 2,535 shares during the period. Teamwork Financial Advisors LLC's holdings in Marathon Petroleum were worth $376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Paragon Capital Management Inc. increased its position in shares of Marathon Petroleum by 0.6% during the second quarter. Paragon Capital Management Inc. now owns 10,196 shares of the oil and gas company's stock worth $1,769,000 after acquiring an additional 65 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in Marathon Petroleum by 1.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company's stock worth $698,000 after purchasing an additional 67 shares during the last quarter. American Trust boosted its stake in Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company's stock valued at $228,000 after acquiring an additional 70 shares during the last quarter. Financial Partners Group LLC lifted its stake in shares of Marathon Petroleum by 3.3% during the 3rd quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company's stock valued at $362,000 after buying an additional 71 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC lifted its stake in shares of Marathon Petroleum by 0.6% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 12,775 shares of the oil and gas company's stock valued at $2,081,000 after buying an additional 73 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jeffrey C. Campbell bought 6,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average price of $149.61 per share, with a total value of $897,660.00. Following the purchase, the director now owns 6,090 shares of the company's stock, valued at approximately $911,124.90. This trade represents a 6,666.67 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Up 4.6 %

Marathon Petroleum stock traded up $6.76 during trading hours on Thursday, reaching $154.37. The stock had a trading volume of 1,778,922 shares, compared to its average volume of 2,773,722. The stock has a market cap of $49.61 billion, a PE ratio of 12.19, a PEG ratio of 2.94 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 company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a fifty day simple moving average of $147.38 and a 200-day simple moving average of $158.72.

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

Marathon Petroleum announced that its board has approved a stock repurchase program on Tuesday, November 5th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.91 per share. This is a positive change from Marathon Petroleum's previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.36%. Marathon Petroleum's payout ratio is presently 28.84%.

Analysts Set New Price Targets

MPC has been the topic of a number of analyst reports. Bank of America started coverage on shares of Marathon Petroleum in a report on Thursday, October 17th. They set a "neutral" rating and a $174.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets decreased their price target on shares of Marathon Petroleum from $200.00 to $190.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Finally, Citigroup reduced their target price 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. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and an average price target of $181.20.

About Marathon Petroleum

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.