Farther Finance Advisors LLC Sells 164 Shares of Marathon Petroleum Co. (NYSE:MPC)

Farther Finance Advisors LLC cut its stake in Marathon Petroleum Co. (NYSE:MPC) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,295 shares of the oil and gas company’s stock after selling 164 shares during the quarter. Farther Finance Advisors LLC’s holdings in Marathon Petroleum were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MPC. Gladius Capital Management LP bought a new position in Marathon Petroleum during the 3rd quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum during the fourth quarter valued at about $27,000. True Wealth Design LLC boosted its holdings in Marathon Petroleum by 672.7% during the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 148 shares during the last quarter. Asset Planning Inc bought a new stake in Marathon Petroleum in the 4th quarter worth about $28,000. Finally, Sierra Ocean LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $31,000. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This trade represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho reduced their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reaffirmed a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Raymond James boosted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.13.

Marathon Petroleum Stock Up 3.1 %

Shares of NYSE MPC opened at $141.23 on Monday. 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 $44.00 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The business has a 50-day simple moving average of $148.36 and a two-hundred day simple moving average of $152.93.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $31.94 billion. During the same quarter in the previous year, the company earned $3.98 earnings per share. Marathon Petroleum’s revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio is 36.66%.

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.