Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Phoenix Wealth Advisors

Phoenix Wealth Advisors decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,312 shares of the oil and gas company’s stock after selling 407 shares during the period. Phoenix Wealth Advisors’ holdings in Marathon Petroleum were worth $2,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Albion Financial Group UT grew its holdings in shares of Marathon Petroleum by 15.1% in the 4th quarter. Albion Financial Group UT now owns 1,172 shares of the oil and gas company’s stock worth $163,000 after acquiring an additional 154 shares during the period. White Pine Investment CO grew its holdings in shares of Marathon Petroleum by 0.5% in the 4th quarter. White Pine Investment CO now owns 54,008 shares of the oil and gas company’s stock worth $7,534,000 after acquiring an additional 280 shares during the period. Transform Wealth LLC grew its holdings in shares of Marathon Petroleum by 43.2% in the 4th quarter. Transform Wealth LLC now owns 1,997 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 602 shares during the period. Segment Wealth Management LLC grew its holdings in shares of Marathon Petroleum by 2.1% in the 4th quarter. Segment Wealth Management LLC now owns 5,608 shares of the oil and gas company’s stock worth $782,000 after acquiring an additional 115 shares during the period. Finally, Aspiriant LLC grew its holdings in shares of Marathon Petroleum by 8.0% in the 4th quarter. Aspiriant LLC now owns 7,250 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 536 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell bought 6,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the completion of the transaction, the director now owns 6,090 shares in the company, valued at $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MPC. TD Cowen restated a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a report on Tuesday, December 10th. Scotiabank lowered their price target on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Raymond James increased their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $181.20.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $150.82 on Wednesday. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The stock has a market capitalization of $48.47 billion, a P/E ratio of 11.95, a PEG ratio of 2.98 and a beta of 1.42. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average price is $147.61 and its 200 day moving average price is $158.80.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share 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 firm had revenue of $35.37 billion for the quarter, compared to analysts’ expectations of $34.34 billion. During the same quarter last year, the firm earned $8.14 earnings per share. The firm’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, research analysts anticipate that Marathon Petroleum Co. will post 8.88 earnings per share for the current year.

Marathon Petroleum announced that its Board of Directors has initiated a share buyback program on Tuesday, November 5th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were given a $0.91 dividend. The ex-dividend date was Wednesday, November 20th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 2.41%. Marathon Petroleum’s dividend payout ratio (DPR) is 28.84%.

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.