Valeo Financial Advisors LLC Has $1.31 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Valeo Financial Advisors LLC grew its position in Marathon Petroleum Co. (NYSE:MPC) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 9,399 shares of the oil and gas company’s stock after purchasing an additional 292 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Marathon Petroleum were worth $1,311,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MPC. Catalyst Financial Partners LLC boosted its position in Marathon Petroleum by 1.6% in the third quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company’s stock valued at $698,000 after buying an additional 67 shares in the last quarter. OLD Second National Bank of Aurora boosted its holdings in shares of Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock worth $139,000 after acquiring an additional 67 shares in the last quarter. American Trust grew its position in Marathon Petroleum by 5.3% during the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock worth $228,000 after acquiring an additional 70 shares during the last quarter. DT Investment Partners LLC increased its holdings in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 70 shares in the last quarter. Finally, Financial Partners Group LLC raised its position in Marathon Petroleum by 3.3% in 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 purchasing an additional 71 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.3 %

MPC opened at $156.11 on Friday. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The firm has a market cap of $50.17 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41. 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’s fifty day moving average is $146.00 and its two-hundred day moving average is $157.08.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.98 earnings per share. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.7 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s payout ratio is currently 36.66%.

Marathon Petroleum declared that its board has authorized a stock repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to repurchase 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 shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on MPC shares. Raymond James raised their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. Wells Fargo & Company boosted their target price 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. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays lowered their price target 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. Finally, TD Cowen reiterated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $181.27.

Insider Activity

In related news, Director Jeffrey C. Campbell acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was 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 hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.