Marathon Petroleum Co. (NYSE:MPC) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. reduced its holdings in Marathon Petroleum Co. (NYSE:MPC) by 48.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 495 shares of the oil and gas company’s stock after selling 472 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Marathon Petroleum were worth $69,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Private Wealth Services LLC grew its stake in Marathon Petroleum by 11.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,964 shares of the oil and gas company’s stock valued at $2,227,000 after acquiring an additional 1,654 shares during the period. Quotient Wealth Partners LLC lifted its holdings in Marathon Petroleum by 162.3% during the fourth quarter. Quotient Wealth Partners LLC now owns 6,473 shares of the oil and gas company’s stock valued at $903,000 after purchasing an additional 4,005 shares in the last quarter. AlphaStar Capital Management LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $201,000. Entropy Technologies LP purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $2,122,000. Finally, Counterweight Ventures LLC raised its position in shares of Marathon Petroleum by 1.6% during the 4th quarter. Counterweight Ventures LLC now owns 9,951 shares of the oil and gas company’s stock worth $1,388,000 after purchasing an additional 154 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 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 completion of the transaction, the director now directly owns 6,090 shares in the company, valued at $911,124.90. This trade represents a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Marathon Petroleum Trading Up 2.5 %

MPC opened at $153.84 on Tuesday. The stock has a market capitalization of $49.44 billion, a PE ratio of 15.49, a P/E/G ratio of 2.91 and a beta of 1.41. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The business’s 50 day moving average price is $145.91 and its 200 day moving average price is $157.51.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion during 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 company’s revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.98 EPS. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.7 EPS for the current year.

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

Marathon Petroleum Dividend Announcement

The business also recently declared 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 36.66%.

Analyst Ratings Changes

Several equities research analysts have commented on MPC shares. Raymond James boosted their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Bank of America assumed coverage on Marathon Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price target for the company. TD Cowen restated a “buy” rating and issued a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $181.27.

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.