Fiducient Advisors LLC Takes Position in Marathon Petroleum Co. (NYSE:MPC)

by · The Markets Daily

Fiducient Advisors LLC acquired a new stake in shares of Marathon Petroleum Co. (NYSE:MPC – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,190 shares of the oil and gas company’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gleason Group Inc. increased its position in Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in Marathon Petroleum during the 2nd quarter worth approximately $29,000. Mascoma Wealth Management LLC acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $43,000. Peoples Bank KS acquired a new stake in Marathon Petroleum during the 3rd quarter worth approximately $44,000. Finally, True Wealth Design LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 74.93% of the company’s stock.

Insiders Place Their Bets

In other Marathon Petroleum news, VP Carl Kristopher Hagedorn sold 1,436 shares of Marathon Petroleum stock in a transaction on Monday, November 13th. The shares were sold at an average price of $146.81, for a total value of $210,819.16. Following the completion of the transaction, the vice president now owns 5,480 shares of the company’s stock, valued at $804,518.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Carl Kristopher Hagedorn sold 1,436 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $146.81, for a total transaction of $210,819.16. Following the completion of the transaction, the vice president now owns 5,480 shares of the company’s stock, valued at $804,518.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kim K.W. Rucker sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $152.43, for a total transaction of $914,580.00. Following the transaction, the director now directly owns 24,098 shares of the company’s stock, valued at approximately $3,673,258.14. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MPC. Piper Sandler increased their price objective on shares of Marathon Petroleum from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Morgan Stanley increased their price objective on shares of Marathon Petroleum from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, October 17th. Raymond James increased their price objective on shares of Marathon Petroleum from $171.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Wednesday, November 1st. StockNews.com began coverage on shares of Marathon Petroleum in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Mizuho lowered their price objective on shares of Marathon Petroleum from $178.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.15.

Read Our Latest Stock Analysis on MPC

Marathon Petroleum Stock Down 0.5 %

Shares of MPC stock traded down $0.80 during mid-day trading on Tuesday, reaching $153.64. 869,180 shares of the company were exchanged, compared to its average volume of 2,905,602. The company has a market capitalization of $58.34 billion, a P/E ratio of 5.77, a P/E/G ratio of 1.73 and a beta of 1.50. The business’s 50 day simple moving average is $150.46 and its 200 day simple moving average is $145.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.20 and a current ratio of 1.67. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $162.31.

Marathon Petroleum (NYSE:MPC – Get Free Report) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas company reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $7.79 by $0.35. The firm had revenue of $41.58 billion during the quarter, compared to the consensus estimate of $37.67 billion. Marathon Petroleum had a net margin of 7.52% and a return on equity of 34.66%. The firm’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.81 earnings per share. Research analysts predict that Marathon Petroleum Co. will post 21.95 earnings per share for the current year.

Marathon Petroleum declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 25th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the oil and gas company to buy up to 8.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 16th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Wednesday, November 15th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.75. Marathon Petroleum’s payout ratio is currently 12.32%.

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.

See Also

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Co. (NYSE:MPC – Free Report).