Everhart Financial Group Inc. Sells 1,657 Shares of Marathon Petroleum Co. (NYSE:MPC)

Everhart Financial Group Inc. lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 27.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,402 shares of the oil and gas company's stock after selling 1,657 shares during the quarter. Everhart Financial Group Inc.'s holdings in Marathon Petroleum were worth $614,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Marathon Petroleum by 342.1% during the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after buying an additional 4,328,470 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Marathon Petroleum by 19,153.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company's stock valued at $213,605,000 after acquiring an additional 1,304,372 shares in the last quarter. ING Groep NV bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $114,107,000. Pacer Advisors Inc. grew its holdings in shares of Marathon Petroleum by 22.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after purchasing an additional 647,045 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Marathon Petroleum by 212.9% during the third quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after purchasing an additional 576,119 shares during the period. 76.77% of the stock is owned by institutional investors.

Insider Transactions at Marathon Petroleum

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

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded up $1.66 during trading on Thursday, reaching $158.30. The company's stock had a trading volume of 2,464,523 shares, compared to its average volume of 2,863,709. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The stock has a 50-day moving average price of $146.32 and a two-hundred day moving average price of $156.63. 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 stock has a market capitalization of $50.87 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 3.13 and a beta of 1.41.

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

Marathon Petroleum declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.30%. Marathon Petroleum's dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MPC shares. Raymond James raised their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. 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. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, TD Cowen reiterated a "buy" rating and issued a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.27.

Marathon Petroleum 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.