Global Retirement Partners LLC Has $483,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Global Retirement Partners LLC trimmed its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 27.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,465 shares of the oil and gas company’s stock after selling 1,299 shares during the period. Global Retirement Partners LLC’s holdings in Marathon Petroleum were worth $483,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Marathon Petroleum during the 3rd quarter worth about $26,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of Marathon Petroleum by 88.9% in the third 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 boosted its stake in 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 purchasing an additional 148 shares during the last quarter. Asset Planning Inc bought a new stake in Marathon Petroleum during the fourth quarter worth $28,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth $30,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPC has been the subject of a number of research analyst reports. Mizuho decreased their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company raised their price objective 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. TD Cowen reaffirmed a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Barclays lowered their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Raymond James lifted 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 report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $181.27.

Marathon Petroleum Trading Down 2.8 %

NYSE:MPC opened at $153.81 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 fifty day moving average of $146.72 and a 200 day moving average of $156.40. The firm has a market capitalization of $49.43 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.11 and a beta of 1.41. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same quarter last year, the firm posted $3.98 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. On average, research analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.37%. Marathon Petroleum’s payout ratio is 36.66%.

Marathon Petroleum announced that its Board of Directors has authorized a stock buyback plan on Tuesday, November 5th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Jeffrey C. Campbell bought 6,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average cost of $149.61 per share, with a total value of $897,660.00. Following the completion of the purchase, the director now owns 6,090 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.

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.