Dynamic Advisor Solutions LLC Boosts Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Dynamic Advisor Solutions LLC raised its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 80.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James & Associates lifted its stake in Marathon Petroleum by 2.6% in the second quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock worth $743,690,000 after acquiring an additional 107,915 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Marathon Petroleum by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock worth $620,815,000 after purchasing an additional 31,100 shares during the period. Boston Partners boosted its stake in shares of Marathon Petroleum by 0.3% during the 1st quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock valued at $558,390,000 after purchasing an additional 8,476 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Marathon Petroleum by 8.5% during the second quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock valued at $463,160,000 after buying an additional 209,270 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Marathon Petroleum by 7.6% in the first quarter. Acadian Asset Management LLC now owns 1,663,835 shares of the oil and gas company’s stock worth $335,241,000 after buying an additional 117,790 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Scotiabank reduced their target price on Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Morgan Stanley decreased their price objective on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on shares of Marathon Petroleum from $186.00 to $172.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Barclays dropped their price objective on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Monday, July 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.14.

Marathon Petroleum Stock Down 7.6 %

MPC stock opened at $160.02 on Wednesday. The stock has a market capitalization of $56.38 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.59 and a beta of 1.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The business has a fifty day moving average price of $169.71 and a 200-day moving average price of $178.07.

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

Marathon Petroleum Announces Dividend

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

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.