ORG Wealth Partners LLC Sells 95 Shares of Marathon Petroleum Co. (NYSE:MPC)

ORG Wealth Partners LLC reduced its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 374 shares of the oil and gas company’s stock after selling 95 shares during the period. ORG Wealth Partners LLC’s holdings in Marathon Petroleum were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MPC. Gladius Capital Management LP bought a new position in Marathon Petroleum during the third quarter valued at approximately $26,000. MeadowBrook Investment Advisors LLC grew its position in Marathon Petroleum by 88.9% during the third quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. True Wealth Design LLC grew its position in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Marathon Petroleum during the third quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC bought a new position in Marathon Petroleum during the third quarter valued at approximately $33,000. 76.77% of the stock is currently owned by institutional investors.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now owns 6,090 shares of the company’s stock, valued at $911,124.90. This represents a 6,666.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MPC has been the topic of several recent analyst reports. Piper Sandler cut their target price on shares of Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company cut their target price on shares of Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Friday. BMO Capital Markets dropped their price target on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Scotiabank dropped their price target on Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $170.00 price target on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.73.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock opened at $142.55 on Friday. The business has a fifty day simple moving average of $147.84 and a two-hundred day simple moving average of $160.13. 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 firm has a market capitalization of $45.81 billion, a P/E ratio of 11.30, a P/E/G ratio of 2.56 and a beta of 1.42. Marathon Petroleum Co. has a 12 month low of $130.54 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.90. The firm had revenue of $35.37 billion during the quarter, compared to analyst estimates of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. Marathon Petroleum’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.14 EPS. On average, equities analysts forecast that Marathon Petroleum Co. will post 9.47 earnings per share for the current fiscal year.

Marathon Petroleum announced that its board has approved a stock repurchase program on Tuesday, November 5th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to purchase up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 20th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s payout ratio is currently 28.84%.

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.