Mader & Shannon Wealth Management Inc. Has $2.15 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Mader & Shannon Wealth Management Inc. raised its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 23.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,397 shares of the oil and gas company’s stock after purchasing an additional 2,893 shares during the period. Marathon Petroleum accounts for about 1.3% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 16th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in Marathon Petroleum were worth $2,148,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MPC. Gladius Capital Management LP acquired a new stake in shares of Marathon Petroleum in the 3rd quarter valued at $26,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $28,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Marathon Petroleum in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 1.4 %

NYSE MPC opened at $156.79 on Thursday. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The company has a market capitalization of $50.39 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 3.07 and a beta of 1.41. The stock’s 50 day moving average is $146.32 and its two-hundred day moving average is $156.63. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC) last announced its quarterly 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. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. Marathon Petroleum’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.98 EPS. Equities analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is 36.66%.

Insider Activity at Marathon Petroleum

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $149.61 per share, with a total value of $897,660.00. Following the purchase, 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 SEC, which is available through the SEC website. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MPC shares. Wells Fargo & Company lifted their price objective 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. Barclays dropped their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Raymond James lifted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a report on Friday, January 17th. Finally, Mizuho dropped their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $181.27.

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.