CreativeOne Wealth LLC Sells 3,063 Shares of Marathon Petroleum Co. (NYSE:MPC)

CreativeOne Wealth LLC trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,215 shares of the oil and gas company's stock after selling 3,063 shares during the period. CreativeOne Wealth LLC's holdings in Marathon Petroleum were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum during the 4th quarter worth about $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum during the fourth quarter worth approximately $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at approximately $31,000. Cape Investment Advisory Inc. lifted its position in shares of Marathon Petroleum by 762.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Marathon Petroleum during the 4th quarter worth approximately $44,000. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MPC. Piper Sandler cut their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Wells Fargo & Company cut their target price on shares of Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Scotiabank decreased their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Barclays lowered their price target on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Raymond James reduced their price objective on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average target price of $175.79.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $3.22 on Wednesday, reaching $134.61. 2,317,799 shares of the stock were exchanged, compared to its average volume of 2,955,512. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $41.94 billion, a PE ratio of 13.55, a P/E/G ratio of 3.11 and a beta of 1.04. The firm's 50 day moving average is $139.90 and its 200-day moving average is $146.85. Marathon Petroleum Co. has a one year low of $115.10 and a one year high of $201.36.

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

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum's payout ratio is 36.66%.

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.