OneAscent Financial Services LLC Acquires 1,756 Shares of Marathon Petroleum Corporation (NYSE:MPC)

OneAscent Financial Services LLC increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 66.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,393 shares of the oil and gas company's stock after acquiring an additional 1,756 shares during the period. OneAscent Financial Services LLC's holdings in Marathon Petroleum were worth $641,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MPC. Beverly Hills Private Wealth LLC grew its position in shares of Marathon Petroleum by 1.2% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company's stock worth $928,000 after acquiring an additional 76 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Marathon Petroleum by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock valued at $554,000 after purchasing an additional 86 shares during the period. Southland Equity Partners LLC raised its holdings in shares of Marathon Petroleum by 6.2% in the 1st quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company's stock worth $226,000 after buying an additional 90 shares in the last quarter. Prudent Man Advisors LLC increased its stake in shares of Marathon Petroleum by 2.3% in the 1st quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company's stock valued at $591,000 after buying an additional 91 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of Marathon Petroleum by 1.9% in the 4th quarter. Benjamin Edwards Inc. now owns 5,021 shares of the oil and gas company's stock worth $700,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 76.77% of the company's stock.

Insider Activity

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares of the company's stock, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is currently owned by company insiders.

Marathon Petroleum Trading Up 0.4%

NYSE:MPC opened at $174.86 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31. The company has a market cap of $53.72 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 3.37 and a beta of 0.88. The company has a 50 day simple moving average of $166.52 and a two-hundred day simple moving average of $151.36.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company's revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 EPS. Research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 2.08%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MPC. Evercore ISI began coverage on Marathon Petroleum in a research report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target on the stock. Scotiabank restated an "outperform" rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Citigroup increased their price target on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, TD Cowen raised their target price on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Marathon Petroleum presently has a consensus rating of "Hold" and a consensus price target of $183.43.

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.

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