Personal CFO Solutions LLC Has $779,000 Stake in Marathon Petroleum Co. (NYSE:MPC)

Personal CFO Solutions LLC reduced its stake in Marathon Petroleum Co. (NYSE:MPC) by 19.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,585 shares of the oil and gas company’s stock after selling 1,316 shares during the period. Personal CFO Solutions LLC’s holdings in Marathon Petroleum were worth $779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MPC. Wellington Management Group LLP grew its holdings in shares of Marathon Petroleum by 342.1% during the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company’s stock valued at $911,274,000 after buying an additional 4,328,470 shares during the last quarter. ING Groep NV bought a new stake in Marathon Petroleum in the third quarter worth about $114,107,000. Pacer Advisors Inc. boosted its stake in Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company’s stock valued at $495,595,000 after acquiring an additional 647,045 shares during the last quarter. National Bank of Canada FI grew its position in shares of Marathon Petroleum by 212.9% during the 3rd quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company’s stock valued at $137,945,000 after acquiring an additional 576,119 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Marathon Petroleum by 1,204.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock worth $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Up 0.1 %

NYSE MPC opened at $137.65 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $43.03 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a fifty day moving average of $148.61 and a two-hundred day moving average of $154.16.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the previous year, the company posted $3.98 earnings per share. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.64%. Marathon Petroleum’s payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays decreased their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen restated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Mizuho cut their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Raymond James raised their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company raised their target price on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.21% of the company’s stock.

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.