Hudock Inc. Has $228,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Hudock Inc. boosted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 13.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,636 shares of the oil and gas company’s stock after buying an additional 188 shares during the period. Hudock Inc.’s holdings in Marathon Petroleum were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $26,000. MeadowBrook Investment Advisors LLC raised its holdings in shares of Marathon Petroleum by 88.9% in the third 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 raised its holdings in shares of 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 purchasing an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $33,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the company’s 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 completion of the acquisition, the director now owns 6,090 shares of the company’s stock, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Down 3.9 %

MPC stock opened at $149.26 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The company has a fifty day moving average price of $145.84 and a two-hundred day moving average price of $157.27. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The stock has a market cap of $47.97 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $31.94 billion. During the same period in the previous year, the business posted $3.98 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Co. will post 8.7 EPS for the current year.

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

Marathon Petroleum Announces Dividend

The company also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MPC shares. TD Cowen reiterated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James lifted their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Mizuho decreased their target price 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. Bank of America began coverage on shares of Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 target price for the company. Finally, Barclays decreased their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target 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.