Creative Financial Designs Inc. ADV Sells 303 Shares of Marathon Petroleum Co. (NYSE:MPC)

Creative Financial Designs Inc. ADV lowered its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 14.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,736 shares of the oil and gas company’s stock after selling 303 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Marathon Petroleum were worth $242,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MPC. Claro Advisors LLC raised its stake in Marathon Petroleum by 32.5% during the 3rd quarter. Claro Advisors LLC now owns 1,710 shares of the oil and gas company’s stock worth $279,000 after acquiring an additional 419 shares during the period. BIP Wealth LLC bought a new stake in Marathon Petroleum during the 3rd quarter worth approximately $231,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Marathon Petroleum during the 3rd quarter worth approximately $4,876,000. West Family Investments Inc. raised its stake in Marathon Petroleum by 10.7% during the 3rd quarter. West Family Investments Inc. now owns 2,405 shares of the oil and gas company’s stock worth $392,000 after acquiring an additional 233 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Marathon Petroleum during the 3rd quarter worth approximately $57,000. Institutional investors own 76.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MPC shares. Raymond James raised 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 note on Friday, January 17th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, March 14th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen reaffirmed a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $182.13.

Marathon Petroleum Trading Up 2.3 %

MPC stock opened at $149.37 on Thursday. The firm has a fifty day moving average price of $148.70 and a 200 day moving average price of $152.52. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $46.53 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.44%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum’s payout ratio is 36.66%.

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.