1,716 Shares in Marathon Petroleum Corporation $MPC Acquired by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,716 shares of the oil and gas company’s stock, valued at approximately $439,000.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Marathon Petroleum by 3.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,288 shares of the oil and gas company’s stock valued at $329,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. raised its position in shares of Marathon Petroleum by 1.6% in the first quarter. Equitable Trust Co. now owns 2,637 shares of the oil and gas company’s stock worth $644,000 after buying an additional 42 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Marathon Petroleum by 0.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 9,548 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 42 shares during the period. Wellington Grp LLC grew its position in Marathon Petroleum by 9.6% during the first quarter. Wellington Grp LLC now owns 516 shares of the oil and gas company’s stock worth $126,000 after buying an additional 45 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in Marathon Petroleum by 2.2% in the 2nd quarter. Avior Wealth Management LLC now owns 2,108 shares of the oil and gas company’s stock worth $539,000 after acquiring an additional 46 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

Insider Activity at Marathon Petroleum

In other news, SVP Shawn M. Lyon sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.17% of the stock is currently owned by company insiders.

Marathon Petroleum Stock Up 1.1%

Shares of MPC opened at $362.18 on Friday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $367.60. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The stock has a 50 day simple moving average of $297.25 and a two-hundred day simple moving average of $254.23. The firm has a market cap of $105.73 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.23 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the firm posted $3.96 earnings per share. The business’s revenue was up 53.5% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $321.00 price target on shares of Marathon Petroleum in a report on Friday, July 10th. JPMorgan Chase & Co. raised their target price on shares of Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Bank of America increased their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $312.50.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.