Tudor Financial Inc. Takes $823,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Tudor Financial Inc. bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,049 shares of the oil and gas company's stock, valued at approximately $823,000.

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Marathon Petroleum during the third quarter worth $26,000. MeadowBrook Investment Advisors LLC increased its holdings in Marathon Petroleum by 88.9% during the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC boosted its position in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 148 shares during the period. Harbor Capital Advisors Inc. bought a new position in Marathon Petroleum during the third quarter worth $30,000. Finally, Darwin Wealth Management LLC bought a new position in Marathon Petroleum during the third quarter worth $33,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Mizuho reduced their price objective on shares of Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Tudor Pickering cut shares of Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 9th. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $183.00 to $186.00 and gave the company an "overweight" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $185.27.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Trading Down 3.7 %

Shares of Marathon Petroleum stock traded down $5.69 on Thursday, hitting $146.28. The stock had a trading volume of 2,558,747 shares, compared to its average volume of 2,617,327. The stock has a 50 day moving average of $156.20 and a 200 day moving average of $165.42. Marathon Petroleum Co. has a twelve month low of $142.57 and a twelve month high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market capitalization of $47.01 billion, a P/E ratio of 12.04, a PEG ratio of 2.65 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.19% and a net margin of 3.15%. The company had revenue of $35.37 billion during the quarter, compared to the consensus estimate of $34.34 billion. During the same quarter in the prior year, the firm posted $8.14 earnings per share. The firm's revenue was down 14.9% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum Co. will post 9.5 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were issued a $0.91 dividend. The ex-dividend date was Wednesday, November 20th. This is a boost from Marathon Petroleum's previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 2.49%. Marathon Petroleum's dividend payout ratio is presently 28.84%.

Marathon Petroleum announced that its board has approved 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 repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.