DCM Advisors LLC Sells 5,157 Shares of Marathon Petroleum Co. (NYSE:MPC)

DCM Advisors LLC cut its holdings in Marathon Petroleum Co. (NYSE:MPC) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,012 shares of the oil and gas company’s stock after selling 5,157 shares during the quarter. Marathon Petroleum makes up 3.6% of DCM Advisors LLC’s holdings, making the stock its 6th biggest holding. DCM Advisors LLC’s holdings in Marathon Petroleum were worth $8,667,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Marathon Petroleum by 4.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 13,188 shares of the oil and gas company’s stock valued at $2,657,000 after purchasing an additional 588 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the first quarter valued at about $1,544,000. Bridgeway Capital Management LLC boosted its stake in shares of Marathon Petroleum by 2.3% during the first quarter. Bridgeway Capital Management LLC now owns 83,600 shares of the oil and gas company’s stock valued at $16,845,000 after purchasing an additional 1,900 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in shares of Marathon Petroleum by 76.7% during the first quarter. Zurich Insurance Group Ltd FI now owns 394,067 shares of the oil and gas company’s stock valued at $79,405,000 after purchasing an additional 171,020 shares in the last quarter. Finally, Energy Income Partners LLC boosted its stake in shares of Marathon Petroleum by 34.6% during the first quarter. Energy Income Partners LLC now owns 10,598 shares of the oil and gas company’s stock valued at $2,135,000 after purchasing an additional 2,725 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MPC shares. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a research note on Thursday, May 30th. Wolfe Research began coverage on Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price objective on the stock. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Barclays cut their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Finally, Scotiabank cut their price objective on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $193.64.

Marathon Petroleum Stock Down 0.7 %

Shares of NYSE:MPC traded down $1.27 during trading on Wednesday, reaching $177.02. 1,782,104 shares of the stock were exchanged, compared to its average volume of 2,665,568. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.99. Marathon Petroleum Co. has a 1-year low of $131.21 and a 1-year high of $221.11. The stock has a fifty day moving average of $171.78 and a two-hundred day moving average of $178.51. The firm has a market cap of $62.37 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 2.07 and a beta of 1.40.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The company had revenue of $32.71 billion for the quarter, compared to analyst estimates of $32.07 billion. During the same period in the prior year, the firm earned $6.09 earnings per share. Marathon Petroleum’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts anticipate that Marathon Petroleum Co. will post 13.84 earnings per share for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the oil and gas company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.86%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

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.