Duncan Williams Asset Management LLC Boosts Stake in Marathon Petroleum Corporation $MPC

Duncan Williams Asset Management LLC boosted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,239 shares of the oil and gas company’s stock after acquiring an additional 1,072 shares during the period. Duncan Williams Asset Management LLC’s holdings in Marathon Petroleum were worth $1,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. CBIZ Investment Advisory Services LLC lifted its position in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after buying an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 1st quarter worth $32,000. WPG Advisers LLC purchased a new position in shares of Marathon Petroleum during the 1st quarter worth $32,000. Decker Retirement Planning Inc. boosted its position in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 227 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the first quarter valued at about $35,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider owned 28,700 shares in the company, valued at $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on MPC. Evercore ISI lifted their target price on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Wolfe Research lowered shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Mizuho raised their target price on Marathon Petroleum from $184.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Finally, Morgan Stanley upped their price target on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $196.29.

Marathon Petroleum Stock Up 0.6%

Marathon Petroleum stock opened at $193.31 on Monday. The company has a market capitalization of $58.77 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $201.61. The firm has a 50 day moving average price of $177.02 and a 200 day moving average price of $162.33.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The firm had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same quarter in the previous year, the business earned $4.12 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. Research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 54.01%.

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.