Dynamic Advisor Solutions LLC Purchases 9,161 Shares of Marathon Petroleum Co. (NYSE:MPC)

Dynamic Advisor Solutions LLC lifted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 80.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,595 shares of the oil and gas company’s stock after purchasing an additional 9,161 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Marathon Petroleum were worth $3,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Granite Bay Wealth Management LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $219,537,000. Capital Wealth Planning LLC increased its position in Marathon Petroleum by 10,902.9% in the first quarter. Capital Wealth Planning LLC now owns 1,110,630 shares of the oil and gas company’s stock worth $223,792,000 after buying an additional 1,100,536 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Marathon Petroleum by 980.3% in the second quarter. Assenagon Asset Management S.A. now owns 684,718 shares of the oil and gas company’s stock worth $118,785,000 after buying an additional 621,336 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Marathon Petroleum by 64.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 619,049 shares of the oil and gas company’s stock valued at $107,393,000 after buying an additional 241,746 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Marathon Petroleum by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock valued at $463,160,000 after acquiring an additional 209,270 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock opened at $160.02 on Wednesday. Marathon Petroleum Co. has a 52 week low of $140.98 and a 52 week high of $221.11. The firm has a market capitalization of $56.38 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 2.59 and a beta of 1.37. The company has a fifty day simple moving average of $169.71 and a two-hundred day simple moving average of $178.07. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter last year, the firm earned $5.32 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that Marathon Petroleum Co. will post 10.56 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.06%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Tudor Pickering downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Piper Sandler dropped their target price on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, September 20th. StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $186.00 to $172.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, TD Cowen boosted their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $196.14.

About Marathon Petroleum

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.