Atomi Financial Group Inc. Sells 665 Shares of Marathon Petroleum Co. (NYSE:MPC)

Atomi Financial Group Inc. lowered its holdings in Marathon Petroleum Co. (NYSE:MPC) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,045 shares of the oil and gas company’s stock after selling 665 shares during the period. Atomi Financial Group Inc.’s holdings in Marathon Petroleum were worth $843,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MPC. Paragon Capital Management Inc. lifted its stake in shares of Marathon Petroleum by 0.6% in the second quarter. Paragon Capital Management Inc. now owns 10,196 shares of the oil and gas company’s stock worth $1,769,000 after buying an additional 65 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in Marathon Petroleum by 1.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 4,285 shares of the oil and gas company’s stock valued at $698,000 after acquiring an additional 67 shares in the last quarter. American Trust boosted its stake in Marathon Petroleum by 5.3% during the 3rd quarter. American Trust now owns 1,397 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 70 shares during the last quarter. Financial Partners Group LLC increased its holdings in shares of Marathon Petroleum by 3.3% in the 3rd quarter. Financial Partners Group LLC now owns 2,220 shares of the oil and gas company’s stock worth $362,000 after purchasing an additional 71 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its stake in shares of Marathon Petroleum by 0.6% in the third quarter. Oak Harbor Wealth Partners LLC now owns 12,775 shares of the oil and gas company’s stock worth $2,081,000 after purchasing an additional 73 shares during the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MPC has been the topic of several recent analyst reports. Citigroup reduced their price objective on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Mizuho reduced their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen restated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Raymond James lifted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.20.

Insider Buying and Selling

In other Marathon Petroleum news, Director Jeffrey C. Campbell purchased 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the purchase, the director now directly owns 6,090 shares of the company’s stock, valued at $911,124.90. This trade represents a 6,666.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Down 2.2 %

Shares of NYSE:MPC opened at $147.51 on Thursday. The stock has a 50 day moving average of $147.61 and a 200 day moving average of $158.80. The company has a market cap of $47.41 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.42. Marathon Petroleum Co. has a 12-month low of $130.54 and a 12-month high of $221.11. 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 (NYSE:MPC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The firm had revenue of $35.37 billion during the quarter, compared to analysts’ expectations of $34.34 billion. During the same period in the prior year, the company posted $8.14 earnings per share. The company’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.88 EPS for the current year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.47%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, November 20th. Marathon Petroleum’s payout ratio is presently 28.84%.

Marathon Petroleum declared that its Board of Directors has authorized 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 buy up to 10% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Marathon Petroleum 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.