Davis R M Inc. Has $296,000 Holdings in Marathon Petroleum Co. (NYSE:MPC)

Davis R M Inc. increased its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,124 shares of the oil and gas company’s stock after buying an additional 94 shares during the period. Davis R M Inc.’s holdings in Marathon Petroleum were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPC. Assetmark Inc. lifted its stake in Marathon Petroleum by 1.8% in the 3rd quarter. Assetmark Inc. now owns 47,358 shares of the oil and gas company’s stock valued at $7,715,000 after purchasing an additional 846 shares during the last quarter. Covestor Ltd lifted its position in shares of Marathon Petroleum by 44.8% in the third quarter. Covestor Ltd now owns 294 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 91 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Marathon Petroleum by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 10,259 shares of the oil and gas company’s stock worth $1,671,000 after acquiring an additional 444 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Marathon Petroleum during the 3rd quarter worth approximately $87,000. Finally, GSA Capital Partners LLP bought a new stake in Marathon Petroleum in the 3rd quarter valued at $1,820,000. 76.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MPC. Raymond James lifted their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. TD Cowen reaffirmed a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and an average target price of $182.00.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $134.65 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a market cap of $42.09 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.11 and a beta of 1.39. The stock has a fifty day moving average price of $148.53 and a 200-day moving average price of $153.62.

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

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

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.