Paradigm Financial Partners LLC Has $1.86 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Paradigm Financial Partners LLC cut its position in Marathon Petroleum Co. (NYSE:MPC) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,541 shares of the oil and gas company’s stock after selling 1,900 shares during the period. Paradigm Financial Partners LLC’s holdings in Marathon Petroleum were worth $1,861,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Stonebrook Private Inc. bought a new position in Marathon Petroleum in the 4th quarter valued at about $3,787,000. Unique Wealth Strategies LLC bought a new position in Marathon Petroleum in the 4th quarter valued at about $650,000. Consolidated Planning Corp lifted its position in Marathon Petroleum by 2.3% in the 4th quarter. Consolidated Planning Corp now owns 39,448 shares of the oil and gas company’s stock valued at $5,852,000 after acquiring an additional 876 shares in the last quarter. Investment Partners LTD. lifted its position in Marathon Petroleum by 8.6% in the 4th quarter. Investment Partners LTD. now owns 1,493 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 118 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its position in Marathon Petroleum by 3.8% in the 4th quarter. Valmark Advisers Inc. now owns 2,774 shares of the oil and gas company’s stock valued at $412,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Scotiabank lifted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their target price on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Raymond James lifted their target price on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 31st. Finally, Bank of America lifted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.77.

Marathon Petroleum Stock Performance

MPC stock traded down $1.12 during midday trading on Friday, reaching $198.39. 1,954,070 shares of the company’s stock traded hands, compared to its average volume of 2,218,313. The company has a 50-day moving average price of $192.39 and a two-hundred day moving average price of $166.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The firm has a market capitalization of $71.49 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.21 by $1.77. The firm had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.65 earnings per share. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.66%. Marathon Petroleum’s payout ratio is currently 14.02%.

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.