Duncan Williams Asset Management LLC Purchases 1,036 Shares of Marathon Petroleum Co. (NYSE:MPC)

Duncan Williams Asset Management LLC increased its position in Marathon Petroleum Co. (NYSE:MPC) by 20.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,188 shares of the oil and gas company’s stock after purchasing an additional 1,036 shares during the period. Duncan Williams Asset Management LLC’s holdings in Marathon Petroleum were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its position in Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Crewe Advisors LLC purchased a new position in Marathon Petroleum in the 1st quarter worth about $29,000. Vima LLC purchased a new position in Marathon Petroleum in the 4th quarter worth about $30,000. TruNorth Capital Management LLC purchased a new position in Marathon Petroleum in the 2nd quarter worth about $35,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Marathon Petroleum in the 2nd quarter worth about $35,000. Institutional investors own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the subject of a number of recent analyst reports. Barclays decreased their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, September 9th. TD Cowen upped their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Piper Sandler reduced their price target on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus target price of $196.62.

Marathon Petroleum Trading Up 5.7 %

Marathon Petroleum stock opened at $174.80 on Friday. Marathon Petroleum Co. has a 12-month low of $139.32 and a 12-month high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 2.59 and a beta of 1.38. The firm has a 50 day moving average of $169.70 and a 200 day moving average of $178.67.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.32 EPS. As a group, research analysts predict that Marathon Petroleum Co. will post 10.56 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.89%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

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.