Teamwork Financial Advisors LLC Has $376,000 Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Teamwork Financial Advisors LLC cut its stake in Marathon Petroleum Co. (NYSE:MPC) by 48.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,694 shares of the oil and gas company’s stock after selling 2,535 shares during the period. Teamwork Financial Advisors LLC’s holdings in Marathon Petroleum were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Paragon Capital Management Inc. increased its stake in Marathon Petroleum by 0.6% during the second quarter. Paragon Capital Management Inc. now owns 10,196 shares of the oil and gas company’s stock valued at $1,769,000 after acquiring an additional 65 shares during the period. Catalyst Financial Partners LLC increased its position in shares of Marathon Petroleum by 1.6% during the third quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company’s stock valued at $698,000 after purchasing an additional 67 shares during the period. American Trust lifted its position in Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock worth $228,000 after purchasing an additional 70 shares during the period. Financial Partners Group LLC boosted its stake in Marathon Petroleum by 3.3% during the third quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company’s stock worth $362,000 after buying an additional 71 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC increased its holdings in Marathon Petroleum by 0.6% in the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 12,775 shares of the oil and gas company’s stock valued at $2,081,000 after buying an additional 73 shares during the period. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets dropped their target price on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Bank of America initiated coverage on Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price target on the stock. Raymond James increased their price objective 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. Finally, Scotiabank reduced their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued 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 $181.20.

Insider Buying and Selling

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the purchase, the director now directly owns 6,090 shares in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $147.51 on Thursday. The company has a market capitalization of $47.41 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 2.94 and a beta of 1.42. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company’s 50 day moving average price is $147.38 and its two-hundred day moving average price is $158.72.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The company had revenue of $35.37 billion for the quarter, compared to analyst estimates of $34.34 billion. During the same period in the previous year, the company posted $8.14 earnings per share. The company’s quarterly revenue was down 14.9% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Co. will post 8.88 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were issued a $0.91 dividend. The ex-dividend date was Wednesday, November 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.47%. Marathon Petroleum’s dividend payout ratio (DPR) is 28.84%.

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

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.