DCM Advisors LLC Acquires 3,111 Shares of Marathon Petroleum Co. (NYSE:MPC)

DCM Advisors LLC raised its holdings in Marathon Petroleum Co. (NYSE:MPC — Free Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,336 shares of the oil and gas company’s stock after buying an additional 3,111 shares during the period. Marathon Petroleum comprises approximately 2.3% of DCM Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. DCM Advisors LLC’s holdings in Marathon Petroleum were worth $4,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPC. Merit Financial Group LLC raised its stake in Marathon Petroleum by 103.0% in the fourth quarter. Merit Financial Group LLC now owns 7,936 shares of the oil and gas company’s stock valued at $1,107,000 after buying an additional 4,026 shares during the period. Transform Wealth LLC increased its stake in shares of Marathon Petroleum by 43.2% during the fourth quarter. Transform Wealth LLC now owns 1,997 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 602 shares during the period. White Pine Investment CO increased its stake in shares of Marathon Petroleum by 0.5% during the fourth quarter. White Pine Investment CO now owns 54,008 shares of the oil and gas company’s stock worth $7,534,000 after purchasing an additional 280 shares during the period. Albion Financial Group UT increased its stake in shares of Marathon Petroleum by 15.1% during the fourth quarter. Albion Financial Group UT now owns 1,172 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 154 shares during the period. Finally, GoalVest Advisory LLC increased its stake in shares of Marathon Petroleum by 15.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,352 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 180 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MPC shares. Raymond James lowered their target price on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler lowered their target price on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Mizuho increased their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Barclays increased their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company raised their price objective on Marathon Petroleum from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $175.29.

View Our Latest Analysis on MPC

Marathon Petroleum Trading Down 2.9%

Shares of MPC stock opened at $156.80 on Thursday. The stock’s fifty day moving average price is $141.06 and its two-hundred day moving average price is $145.89. The company has a market cap of $48.17 billion, a PE ratio of 15.79, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31. 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 (NYSE:MPC — Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 EPS. Equities analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, May 21st. Marathon Petroleum’s dividend payout ratio (DPR) is 51.20%.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. The trade was a 19.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by company insiders.

Marathon Petroleum Profile

(Free Report)

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.

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