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

Centric Wealth Management decreased its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,166 shares of the oil and gas company's stock after selling 13,039 shares during the period. Centric Wealth Management's holdings in Marathon Petroleum were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at $27,000. True Wealth Design LLC lifted its position in shares of Marathon Petroleum by 672.7% in 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 in the last quarter. Asset Planning Inc bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $28,000. Sierra Ocean LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $31,000. Finally, Cape Investment Advisory Inc. raised its stake in Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 267 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Trading Down 5.9 %

Shares of Marathon Petroleum stock traded down $7.57 during trading on Friday, hitting $121.02. The stock had a trading volume of 5,813,565 shares, compared to its average volume of 2,893,301. Marathon Petroleum Co. has a 12 month low of $115.97 and a 12 month high of $221.11. 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 firm's fifty day simple moving average is $148.02 and its 200-day simple moving average is $151.05. The stock has a market cap of $37.70 billion, a PE ratio of 12.19, a PEG ratio of 3.11 and a beta of 1.39.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.98 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

Insider Transactions at Marathon Petroleum

In other news, Director Evan Bayh bought 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ricky D. Hessling bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MPC shares. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Barclays lifted their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a report on Friday, March 14th. Mizuho dropped their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $193.00 target price on shares of Marathon Petroleum in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.29.

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.