Valley Brook Capital Group Inc. Has $840,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Valley Brook Capital Group Inc. lessened its holdings in Marathon Petroleum Co. (NYSE:MPC) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,021 shares of the oil and gas company’s stock after selling 111 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Marathon Petroleum were worth $840,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Catalyst Financial Partners LLC boosted its holdings in shares of 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 purchasing an additional 67 shares in the last quarter. OLD Second National Bank of Aurora boosted its holdings in shares of Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company’s stock valued at $139,000 after purchasing an additional 67 shares in the last quarter. American Trust boosted its holdings in shares of Marathon Petroleum by 5.3% in 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 in the last quarter. Financial Partners Group LLC boosted 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 valued at $362,000 after purchasing an additional 71 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other news, Director Jeffrey C. Campbell bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of $149.61 per share, with a total value of $897,660.00. Following the transaction, the director now directly owns 6,090 shares of the company’s stock, valued at approximately $911,124.90. This represents a 6,666.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James raised their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a report on Friday, January 17th. Wells Fargo & Company raised their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Barclays cut their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Mizuho cut their price objective on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.27.

Marathon Petroleum Stock Performance

MPC stock opened at $155.31 on Wednesday. The stock has a 50-day moving average price of $145.84 and a 200-day moving average price of $157.39. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year 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. The firm has a market cap of $49.91 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same period last year, the company posted $3.98 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that Marathon Petroleum Co. will post 8.7 earnings per share for the current year.

Marathon Petroleum announced that its Board of Directors has approved a share repurchase plan on Tuesday, November 5th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

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.