Duncan Williams Asset Management LLC Raises Holdings in Marathon Petroleum Corporation $MPC

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

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,178 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Marathon Petroleum by 47,033.3% during the 1st quarter. NBC Securities Inc. now owns 1,414 shares of the oil and gas company’s stock valued at $206,000 after purchasing an additional 1,411 shares during the last quarter. Procyon Advisors LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter valued at $860,000. Gateway Investment Advisers LLC grew its stake in Marathon Petroleum by 5.2% during the 1st quarter. Gateway Investment Advisers LLC now owns 36,833 shares of the oil and gas company’s stock worth $5,366,000 after buying an additional 1,830 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in Marathon Petroleum by 7.7% during the 1st quarter. Sivia Capital Partners LLC now owns 1,755 shares of the oil and gas company’s stock valued at $256,000 after buying an additional 126 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MPC shares. Raymond James Financial raised their price target on Marathon Petroleum from $195.00 to $199.00 and gave the stock an “outperform” rating in a report on Tuesday, September 9th. TD Cowen dropped their price target on Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Barclays lifted their price objective on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Citigroup increased their price objective on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus price target of $196.29.

Insiders Place Their Bets

In related news, insider Molly R. Benson sold 10,879 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Performance

MPC opened at $193.31 on Monday. The stock has a market cap of $58.77 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.35 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The firm has a fifty day moving average price of $177.02 and a 200 day moving average price of $162.33. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61.

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

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, August 20th. Marathon Petroleum’s dividend payout ratio is 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.