Savant Capital LLC Has $6.41 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

Savant Capital LLC increased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 25.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,911 shares of the oil and gas company’s stock after acquiring an additional 9,371 shares during the period. Savant Capital LLC’s holdings in Marathon Petroleum were worth $6,405,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in Marathon Petroleum during the third quarter worth $26,000. MeadowBrook Investment Advisors LLC boosted its holdings in Marathon Petroleum by 88.9% during the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC lifted its stake in Marathon Petroleum by 672.7% in the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Marathon Petroleum in the third quarter valued at $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in Marathon Petroleum in the third quarter valued at $33,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now directly owns 6,090 shares in the company, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $153.84 on Tuesday. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The firm has a market cap of $49.44 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 2.91 and a beta of 1.41. The firm’s 50-day simple moving average is $145.91 and its 200 day simple moving average is $157.51. 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 (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same period last year, the firm earned $3.98 EPS. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Marathon Petroleum Co. will post 8.7 earnings per share for the current year.

Marathon Petroleum announced that its board has authorized a share repurchase plan on Tuesday, November 5th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Analyst Ratings Changes

A number of brokerages have commented on MPC. TD Cowen reiterated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Mizuho cut their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays dropped their price objective on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Bank of America began coverage on shares of Marathon Petroleum in a research report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.27.

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.