Duality Advisers LP Has $4.37 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Duality Advisers LP lifted its stake in Marathon Petroleum Co. (NYSE:MPC) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,458 shares of the oil and gas company’s stock after acquiring an additional 2,566 shares during the quarter. Duality Advisers LP’s holdings in Marathon Petroleum were worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MPC. Marino Stram & Associates LLC raised its stake in shares of Marathon Petroleum by 0.5% during the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock worth $1,695,000 after purchasing an additional 60 shares in the last quarter. SteelPeak Wealth LLC grew its position in Marathon Petroleum by 0.3% in the fourth quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock worth $3,028,000 after acquiring an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 67 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Marathon Petroleum by 7.2% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its stake in shares of Marathon Petroleum by 1.6% in the 3rd quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company’s stock valued at $676,000 after purchasing an additional 72 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Performance

MPC stock traded up $1.36 during trading on Friday, reaching $196.38. 1,748,806 shares of the stock were exchanged, compared to its average volume of 2,522,232. Marathon Petroleum Co. has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $70.76 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. The stock has a 50 day simple moving average of $189.49 and a 200-day simple moving average of $165.20.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $6.65 EPS. As a group, sell-side analysts anticipate that Marathon Petroleum Co. will post 19.42 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Analyst Upgrades and Downgrades

MPC has been the topic of several analyst reports. Scotiabank increased their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. TD Cowen raised their price objective on Marathon Petroleum from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Barclays upped their target price on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Citigroup initiated coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.77.

Insider Activity

In other news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

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.