Albion Financial Group UT Has $163,000 Position in Marathon Petroleum Co. (NYSE:MPC)

Albion Financial Group UT boosted its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,172 shares of the oil and gas company’s stock after buying an additional 154 shares during the quarter. Albion Financial Group UT’s holdings in Marathon Petroleum were worth $163,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MPC. White Pine Investment CO boosted its holdings in Marathon Petroleum by 0.5% in the fourth quarter. White Pine Investment CO now owns 54,008 shares of the oil and gas company’s stock valued at $7,534,000 after acquiring an additional 280 shares during the last quarter. Transform Wealth LLC grew its position in shares of Marathon Petroleum by 43.2% during the 4th quarter. Transform Wealth LLC now owns 1,997 shares of the oil and gas company’s stock worth $279,000 after buying an additional 602 shares during the period. Segment Wealth Management LLC raised its stake in shares of Marathon Petroleum by 2.1% during the fourth quarter. Segment Wealth Management LLC now owns 5,608 shares of the oil and gas company’s stock worth $782,000 after buying an additional 115 shares during the last quarter. Aspiriant LLC lifted its holdings in Marathon Petroleum by 8.0% in the fourth quarter. Aspiriant LLC now owns 7,250 shares of the oil and gas company’s stock valued at $1,011,000 after buying an additional 536 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in Marathon Petroleum by 7.6% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,510 shares of the oil and gas company’s stock valued at $211,000 after acquiring an additional 107 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $149.61 per share, for a total transaction of $897,660.00. Following the completion of the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This 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 accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MPC. Raymond James increased their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. Barclays reduced their target price on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Mizuho cut their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. TD Cowen restated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. Finally, Scotiabank cut their target price on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $181.20.

Marathon Petroleum Stock Down 1.2 %

Marathon Petroleum stock opened at $150.82 on Wednesday. The company has a fifty day simple moving average of $147.61 and a 200 day simple moving average of $158.80. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The company has a market cap of $48.47 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.42.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a return on equity of 16.19% and a net margin of 3.15%. The business had revenue of $35.37 billion for the quarter, compared to the consensus estimate of $34.34 billion. During the same quarter in the previous year, the business earned $8.14 earnings per share. Marathon Petroleum’s quarterly revenue was down 14.9% on a year-over-year basis. Research analysts anticipate that Marathon Petroleum Co. will post 8.88 earnings per share for the current fiscal year.

Marathon Petroleum declared that its board has approved a share buyback program on Tuesday, November 5th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the oil and gas company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.41%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, November 20th. Marathon Petroleum’s payout ratio is presently 28.84%.

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.