Marathon Petroleum Co. (NYSE:MPC) is GW Henssler & Associates Ltd.’s 6th Largest Position

GW Henssler & Associates Ltd. lowered its position in Marathon Petroleum Co. (NYSE:MPC) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 278,358 shares of the oil and gas company’s stock after selling 5,956 shares during the quarter. Marathon Petroleum accounts for approximately 2.4% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 6th biggest position. GW Henssler & Associates Ltd.’s holdings in Marathon Petroleum were worth $38,831,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Gladius Capital Management LP purchased a new position in Marathon Petroleum during the 3rd quarter valued at $26,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC grew its holdings in shares of Marathon Petroleum by 672.7% in 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 last quarter. Harbor Capital Advisors Inc. purchased a new position in Marathon Petroleum in the 3rd quarter worth about $30,000. Finally, Darwin Wealth Management LLC bought a new stake in Marathon Petroleum during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 3.1 %

Marathon Petroleum stock opened at $145.37 on Monday. The firm has a market cap of $46.72 billion, a PE ratio of 11.52, a P/E/G ratio of 2.77 and a beta of 1.41. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11. The stock’s 50 day simple moving average is $146.26 and its two-hundred day simple moving average is $158.02. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

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

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 2.50%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is presently 28.84%.

Marathon Petroleum declared that its Board of Directors has approved a stock repurchase program on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on MPC shares. Citigroup cut their target price on shares of Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Mizuho dropped their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Scotiabank decreased their price objective on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company cut their target price on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Raymond James increased their price target on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Two 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 company’s stock. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.20.

Insider Buying and Selling

In other news, Director Jeffrey C. Campbell purchased 6,000 shares of the 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 transaction, the director now owns 6,090 shares in the company, valued at $911,124.90. The trade was a 6,666.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

Marathon Petroleum 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.