Dakota Wealth Management Sells 848 Shares of Marathon Petroleum Co. (NYSE:MPC)

Dakota Wealth Management decreased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,454 shares of the oil and gas company’s stock after selling 848 shares during the quarter. Dakota Wealth Management’s holdings in Marathon Petroleum were worth $3,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its position in Marathon Petroleum by 4.8% during the 2nd quarter. Sei Investments Co. now owns 159,384 shares of the oil and gas company’s stock worth $27,649,000 after buying an additional 7,245 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Marathon Petroleum by 7.5% during the second quarter. Evergreen Capital Management LLC now owns 3,508 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 246 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Marathon Petroleum by 1,037.7% in the second quarter. Marshall Wace LLP now owns 12,207 shares of the oil and gas company’s stock valued at $2,118,000 after purchasing an additional 11,134 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Marathon Petroleum by 51.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,017 shares of the oil and gas company’s stock worth $11,973,000 after purchasing an additional 23,541 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Marathon Petroleum by 1.2% during the 2nd quarter. Toronto Dominion Bank now owns 176,626 shares of the oil and gas company’s stock worth $30,641,000 after buying an additional 2,155 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

MPC opened at $147.51 on Thursday. The company has a market capitalization of $47.41 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.98 and a beta of 1.42. The business’s 50-day moving average price is $147.61 and its two-hundred day moving average price is $158.80. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year 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.

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

Marathon Petroleum announced that its board has initiated a stock repurchase plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were paid a $0.91 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, November 20th. Marathon Petroleum’s payout ratio is presently 28.84%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MPC. Mizuho dropped their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. BMO Capital Markets reduced their price target on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. 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 report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company cut their price target on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

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.