Snowden Capital Advisors LLC Cuts Position in Marathon Petroleum Co. (NYSE:MPC)

Snowden Capital Advisors LLC decreased its holdings in Marathon Petroleum Co. (NYSE:MPC) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,878 shares of the oil and gas company’s stock after selling 891 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Marathon Petroleum were worth $1,378,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. OLD Second National Bank of Aurora increased its position in shares of Marathon Petroleum by 7.2% in the fourth quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 67 shares in the last quarter. Nixon Peabody Trust Co. boosted its stake in shares of Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after acquiring an additional 68 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $596,000 after acquiring an additional 69 shares during the last quarter. DT Investment Partners LLC boosted its stake in shares of Marathon Petroleum by 21.5% during the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 70 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock worth $303,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

MPC stock opened at $164.07 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. Marathon Petroleum Co. has a 52-week low of $115.10 and a 52-week high of $183.31. The stock’s 50 day moving average is $139.76 and its two-hundred day moving average is $145.57. The company has a market capitalization of $50.40 billion, a PE ratio of 16.52, a P/E/G ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $31.85 billion for the quarter, compared to the consensus estimate of $28.91 billion. During the same period in the previous year, the business earned $2.58 EPS. Marathon Petroleum’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.22%. Marathon Petroleum’s dividend payout ratio (DPR) is 51.20%.

Insider Activity

In related news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This trade represents a 19.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, with a total value of $133,700.00. Following the transaction, 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 disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of research analyst reports. Scotiabank decreased their price target on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their price target on Marathon Petroleum from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Raymond James reduced their price objective on Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Barclays lifted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.29.

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.