Tandem Investment Advisors Inc. Sells 82 Shares of Marathon Petroleum Co. (NYSE:MPC)

Tandem Investment Advisors Inc. decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,436 shares of the oil and gas company’s stock after selling 82 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Marathon Petroleum were worth $213,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gleason Group Inc. grew its stake in shares of Marathon Petroleum by 75.2% during the third quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 82 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $32,000. Tennessee Valley Asset Management Partners bought a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $40,000. Mascoma Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $43,000. Finally, Peoples Bank KS purchased a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $44,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.7 %

Marathon Petroleum stock traded down $1.44 during mid-day trading on Wednesday, reaching $202.42. 1,816,512 shares of the company were exchanged, compared to its average volume of 2,851,305. The business has a fifty day moving average of $187.80 and a 200 day moving average of $164.11. The firm has a market cap of $72.94 billion, a P/E ratio of 8.66, a PEG ratio of 1.97 and a beta of 1.52. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a 12-month low of $104.32 and a 12-month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $6.65 earnings per share. Research analysts anticipate that Marathon Petroleum Co. will post 17.53 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 14.02%.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Bank of America boosted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Citigroup assumed coverage on Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Finally, Barclays boosted their price target on Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $193.77.

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.