Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its position in Marathon Petroleum Co. (NYSE:MPC) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,855 shares of the oil and gas company’s stock after selling 575 shares during the period. Kingsview Wealth Management LLC’s holdings in Marathon Petroleum were worth $3,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPC. CWM LLC lifted its stake in shares of Marathon Petroleum by 20.6% in the 3rd quarter. CWM LLC now owns 19,888 shares of the oil and gas company’s stock valued at $3,240,000 after purchasing an additional 3,399 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Marathon Petroleum by 9.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 9,107 shares of the oil and gas company’s stock valued at $1,484,000 after buying an additional 762 shares during the period. Carnegie Investment Counsel lifted its position in Marathon Petroleum by 6.1% in the third quarter. Carnegie Investment Counsel now owns 29,187 shares of the oil and gas company’s stock valued at $4,755,000 after buying an additional 1,689 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Marathon Petroleum by 191.8% during the third quarter. Exchange Traded Concepts LLC now owns 6,489 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 4,265 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $278,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MPC shares. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Barclays dropped their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Mizuho lowered their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reiterated a “buy” rating and set a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.27.

Insider Buying and Selling

In other news, Director Jeffrey C. Campbell acquired 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were 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 in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Stock Performance

NYSE:MPC opened at $150.13 on Monday. The firm has a market capitalization of $48.25 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41. 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 business’s fifty day moving average price is $145.91 and its 200 day moving average price is $157.58. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company earned $3.98 EPS. On average, sell-side analysts anticipate that Marathon Petroleum Co. will post 8.7 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Marathon Petroleum declared that its board has initiated a share repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 10% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.