One Wealth Advisors LLC Sells 631 Shares of Marathon Petroleum Co. (NYSE:MPC)

One Wealth Advisors LLC cut its holdings in Marathon Petroleum Co. (NYSE:MPC) by 12.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,366 shares of the oil and gas company’s stock after selling 631 shares during the period. One Wealth Advisors LLC’s holdings in Marathon Petroleum were worth $609,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Resonant Capital Advisors LLC increased its position in Marathon Petroleum by 0.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 20,391 shares of the oil and gas company’s stock worth $2,845,000 after acquiring an additional 118 shares during the period. Princeton Global Asset Management LLC lifted its stake in shares of Marathon Petroleum by 0.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 24,551 shares of the oil and gas company’s stock valued at $3,425,000 after buying an additional 131 shares during the period. Avantra Family Wealth Inc. acquired a new stake in Marathon Petroleum during the fourth quarter worth about $1,189,000. Spire Wealth Management raised its holdings in Marathon Petroleum by 103.6% in the 4th quarter. Spire Wealth Management now owns 2,455 shares of the oil and gas company’s stock valued at $342,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its position in shares of Marathon Petroleum by 192.5% in the 4th quarter. Journey Strategic Wealth LLC now owns 4,186 shares of the oil and gas company’s stock worth $584,000 after acquiring an additional 2,755 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America started coverage on Marathon Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $174.00 target price for the company. Wells Fargo & Company reduced their price objective on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Barclays lowered their target price on shares of Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Mizuho cut their price target 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. Finally, Citigroup dropped their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average price target of $181.20.

Marathon Petroleum Stock Down 3.1 %

Shares of NYSE MPC opened at $145.37 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market cap of $46.72 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 2.77 and a beta of 1.41. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. The firm’s 50-day simple moving average is $146.26 and its 200 day simple moving average is $157.96.

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

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 28.84%.

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

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell bought 6,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $149.61 per share, with a total value of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by company insiders.

About Marathon Petroleum

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.