Uniting Wealth Partners LLC Takes $302,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Uniting Wealth Partners LLC bought a new stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,162 shares of the oil and gas company's stock, valued at approximately $302,000.

Other institutional investors also recently bought and sold shares of the company. Selway Asset Management increased its holdings in Marathon Petroleum by 1.6% in the 4th quarter. Selway Asset Management now owns 19,616 shares of the oil and gas company's stock worth $2,736,000 after acquiring an additional 300 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in Marathon Petroleum by 37.3% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,396 shares of the oil and gas company's stock valued at $752,000 after buying an additional 1,467 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of Marathon Petroleum by 28.8% in the fourth quarter. OneAscent Financial Services LLC now owns 2,637 shares of the oil and gas company's stock worth $368,000 after buying an additional 590 shares in the last quarter. Bryce Point Capital LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $584,000. Finally, Huntington National Bank grew its position in shares of Marathon Petroleum by 4.5% during the fourth quarter. Huntington National Bank now owns 31,622 shares of the oil and gas company's stock valued at $4,411,000 after purchasing an additional 1,366 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Stock Up 0.3 %

MPC stock traded up $0.32 on Monday, hitting $121.39. 3,441,452 shares of the company's stock were exchanged, compared to its average volume of 2,656,726. The firm has a 50 day moving average price of $147.41 and a two-hundred day moving average price of $150.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 12-month low of $112.74 and a 12-month high of $219.74. The stock has a market cap of $37.82 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.71. The firm had revenue of $33.47 billion for 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 company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.98 earnings per share. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.47 EPS for the current fiscal 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

MPC has been the subject of a number of research reports. Piper Sandler dropped their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Raymond James reissued a "strong-buy" rating and issued a $193.00 target price on shares of Marathon Petroleum in a report on Thursday, March 27th. Barclays upped their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Mizuho reduced their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Moderate Buy" and an average price target of $180.29.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh purchased 1,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 11th. The shares were bought 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. The trade was a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

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.