ORG Wealth Partners LLC Sells 95 Shares of Marathon Petroleum Co. (NYSE:MPC)

ORG Wealth Partners LLC reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 20.3% in the fourth quarter, HoldingsChannel reports. The firm owned 374 shares of the oil and gas company’s stock after selling 95 shares during the quarter. ORG Wealth Partners LLC’s holdings in Marathon Petroleum were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $26,000. MeadowBrook Investment Advisors LLC lifted its position in shares of Marathon Petroleum by 88.9% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $33,000. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. The trade was a 6,666.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by corporate insiders.

Marathon Petroleum Stock Performance

NYSE MPC opened at $142.55 on Friday. The business’s 50 day moving average price is $147.84 and its 200-day moving average price is $160.13. The company has a market cap of $45.81 billion, a P/E ratio of 11.30, a P/E/G ratio of 2.56 and a beta of 1.42. 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 fifty-two week low of $130.54 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.97 by $0.90. The company had revenue of $35.37 billion for the quarter, compared to the consensus estimate of $34.34 billion. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. Marathon Petroleum’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.14 EPS. Sell-side analysts predict that Marathon Petroleum Co. will post 9.47 earnings per share for the current year.

Marathon Petroleum declared that its board has initiated a share repurchase program on Tuesday, November 5th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, November 20th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. Marathon Petroleum’s dividend payout ratio is 28.84%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MPC. Morgan Stanley lowered their price target on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets lowered their price target on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company decreased their price objective on Marathon Petroleum from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Friday. Piper Sandler decreased their price objective on Marathon Petroleum from $168.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. Finally, Bank of America began coverage on Marathon Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $183.73.

About Marathon Petroleum

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.