OneAscent Family Office LLC Invests $206,000 in Marathon Petroleum Corporation $MPC

OneAscent Family Office LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the second quarter, HoldingsChannel reports. The fund acquired 1,239 shares of the oil and gas company’s stock, valued at approximately $206,000.

A number of other large investors have also recently bought and sold shares of the business. Sienna Gestion grew its holdings in shares of Marathon Petroleum by 11.0% during the second quarter. Sienna Gestion now owns 55,113 shares of the oil and gas company’s stock valued at $8,358,000 after purchasing an additional 5,479 shares during the last quarter. Stone House Investment Management LLC increased its position in Marathon Petroleum by 46.1% in the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after buying an additional 71 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Marathon Petroleum by 5.9% in the second quarter. Atlantic Union Bankshares Corp now owns 30,209 shares of the oil and gas company’s stock valued at $5,018,000 after buying an additional 1,691 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in Marathon Petroleum in the second quarter valued at $404,000. Finally, First Horizon Advisors Inc. grew its position in shares of Marathon Petroleum by 159.1% during the second quarter. First Horizon Advisors Inc. now owns 1,158 shares of the oil and gas company’s stock worth $192,000 after acquiring an additional 711 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling at Marathon Petroleum

In related news, insider Molly R. Benson sold 10,879 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at approximately $4,678,100. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Raymond James Financial set a $200.00 price target on Marathon Petroleum in a research note on Tuesday. Dbs Bank upgraded shares of Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company decreased their target price on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Marathon Petroleum Stock Performance

Shares of MPC opened at $186.13 on Thursday. The company has a 50-day moving average of $187.31 and a two-hundred day moving average of $171.26. The stock has a market cap of $56.59 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 3.85 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $201.61.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.79%. The business had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. On average, equities research analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s payout ratio is 54.01%.

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.