OneDigital Investment Advisors LLC Sells 7,714 Shares of Marathon Petroleum Co. (NYSE:MPC)

OneDigital Investment Advisors LLC lessened its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,384 shares of the oil and gas company's stock after selling 7,714 shares during the period. OneDigital Investment Advisors LLC's holdings in Marathon Petroleum were worth $1,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MPC. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the fourth quarter valued at approximately $27,000. Asset Planning Inc bought a new stake in Marathon Petroleum in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter worth $31,000. Cape Investment Advisory Inc. boosted its stake in shares of 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 worth $42,000 after buying an additional 267 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Marathon Petroleum in the fourth quarter valued at approximately $44,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Trading Up 2.4 %

NYSE MPC opened at $134.52 on Thursday. The firm has a market capitalization of $41.91 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The business's 50-day moving average price is $139.47 and its two-hundred day moving average price is $146.76. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $201.36.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.71%. Marathon Petroleum's payout ratio is 36.66%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays reduced their price target on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Scotiabank lowered their price objective on 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. Wells Fargo & Company dropped 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 report on Friday, April 11th. Finally, Piper Sandler dropped their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.79.

Insiders Place Their Bets

In related news, Director Evan Bayh purchased 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their position. 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 purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company's stock.

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.

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