Quotient Wealth Partners LLC Grows Stake in Marathon Petroleum Co. (NYSE:MPC)

Quotient Wealth Partners LLC boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 162.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,473 shares of the oil and gas company’s stock after buying an additional 4,005 shares during the period. Quotient Wealth Partners LLC’s holdings in Marathon Petroleum were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MPC. AlphaStar Capital Management LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $201,000. Entropy Technologies LP purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth $2,122,000. Counterweight Ventures LLC raised its position in shares of Marathon Petroleum by 1.6% in the fourth quarter. Counterweight Ventures LLC now owns 9,951 shares of the oil and gas company’s stock valued at $1,388,000 after buying an additional 154 shares during the last quarter. Cidel Asset Management Inc. boosted its position in Marathon Petroleum by 13.5% during the fourth quarter. Cidel Asset Management Inc. now owns 6,923 shares of the oil and gas company’s stock worth $966,000 after acquiring an additional 822 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in Marathon Petroleum by 431.0% during the 4th quarter. SOA Wealth Advisors LLC. now owns 2,007 shares of the oil and gas company’s stock valued at $280,000 after acquiring an additional 1,629 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 1.2 %

Shares of NYSE MPC opened at $150.13 on Friday. The stock has a fifty day simple moving average of $145.91 and a 200-day simple moving average of $157.63. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $48.25 billion, a PE ratio of 15.12, a PEG ratio of 2.91 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $31.94 billion. During the same quarter in the prior year, the company earned $3.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum Co. will post 8.7 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s payout ratio is currently 36.66%.

Marathon Petroleum announced that its board has initiated a stock buyback 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 generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on MPC. TD Cowen restated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays dropped their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James upped their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven 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.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $181.27.

Insider Buying and Selling

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by insiders.

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.