OneDigital Investment Advisors LLC Cuts Holdings in Marathon Petroleum Co. (NYSE:MPC)

OneDigital Investment Advisors LLC cut its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,384 shares of the oil and gas company's stock after selling 7,714 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Marathon Petroleum were worth $1,728,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MPC. State of Tennessee Department of Treasury increased its stake in Marathon Petroleum by 18.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 118,464 shares of the oil and gas company's stock valued at $16,526,000 after buying an additional 18,056 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in Marathon Petroleum by 2.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,912 shares of the oil and gas company's stock valued at $685,000 after acquiring an additional 105 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Marathon Petroleum by 67.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,969 shares of the oil and gas company's stock worth $1,809,000 after purchasing an additional 5,214 shares during the period. Norinchukin Bank The raised its holdings in Marathon Petroleum by 10.3% during the 4th quarter. Norinchukin Bank The now owns 16,022 shares of the oil and gas company's stock valued at $2,235,000 after buying an additional 1,502 shares during the last quarter. Finally, Ossiam purchased a new stake in Marathon Petroleum in the fourth quarter worth $4,350,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Price Performance

NYSE:MPC traded up $0.06 during trading hours on Friday, hitting $137.60. 1,681,149 shares of the stock traded hands, compared to its average volume of 2,717,138. The stock has a 50 day moving average price of $138.67 and a 200 day moving average price of $146.25. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. Marathon Petroleum Co. has a 1 year low of $115.10 and a 1 year high of $201.36.

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

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.65%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Insider Activity

In other news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 approximately $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired 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 in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MPC. Morgan Stanley dropped their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday. Piper Sandler cut their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Raymond James reduced their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Scotiabank cut 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 report on Friday, April 11th. Finally, Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has a consensus rating of "Moderate Buy" and a consensus target price of $174.21.

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.