Woodard & Co. Asset Management Group Inc. ADV Has $1.79 Million Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Woodard & Co. Asset Management Group Inc. ADV grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,858 shares of the oil and gas company’s stock after purchasing an additional 2,279 shares during the quarter. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Marathon Petroleum were worth $1,794,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC increased its position in shares of Marathon Petroleum by 1.8% during the 4th quarter. Sanctuary Advisors LLC now owns 147,779 shares of the oil and gas company’s stock worth $22,161,000 after purchasing an additional 2,657 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $101,000. Americana Partners LLC boosted its stake in shares of Marathon Petroleum by 27.7% during the 4th quarter. Americana Partners LLC now owns 3,224 shares of the oil and gas company’s stock worth $450,000 after acquiring an additional 700 shares during the period. Sierra Ocean LLC bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $31,000. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Marathon Petroleum by 13.1% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,481 shares of the oil and gas company’s stock worth $486,000 after acquiring an additional 402 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $156.11 on Monday. The stock has a fifty day moving average price of $146.00 and a 200-day moving average price of $156.93. The company has a market cap of $50.17 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.91 and a beta of 1.41. 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.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.98 EPS. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 8.7 EPS for the current fiscal year.

Marathon Petroleum declared that its board has approved a share repurchase program on Tuesday, November 5th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.33%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 36.66%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James lifted their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays reduced their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company lifted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Finally, TD Cowen restated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.