United Advisor Group LLC Acquires 304 Shares of Marathon Petroleum Corporation $MPC

United Advisor Group LLC boosted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,827 shares of the oil and gas company’s stock after acquiring an additional 304 shares during the quarter. United Advisor Group LLC’s holdings in Marathon Petroleum were worth $1,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Wellington Management Group LLP lifted its holdings in Marathon Petroleum by 18.7% during the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock valued at $1,722,664,000 after buying an additional 1,862,674 shares in the last quarter. Geode Capital Management LLC boosted its position in Marathon Petroleum by 14.8% in the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after buying an additional 1,033,645 shares during the period. Boston Partners grew its stake in Marathon Petroleum by 13.0% in the 2nd quarter. Boston Partners now owns 6,155,996 shares of the oil and gas company’s stock worth $1,023,110,000 after acquiring an additional 707,482 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Marathon Petroleum by 6.3% during the first quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company’s stock worth $879,608,000 after acquiring an additional 355,215 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 1.9%

Shares of NYSE MPC opened at $196.09 on Tuesday. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $202.29. The business has a fifty day moving average price of $189.95 and a 200 day moving average price of $174.94. The stock has a market capitalization of $58.95 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 3.83 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The business had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Equities research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum’s dividend payout ratio is currently 38.81%.

Analyst Ratings Changes

MPC has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a report on Wednesday, October 8th. BMO Capital Markets upped their target price on Marathon Petroleum from $208.00 to $210.00 in a report on Tuesday, November 11th. Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a research report on Thursday, October 9th. Bank of America lifted their price objective on Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler increased their target price on shares of Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Hold” and a consensus price target of $202.14.

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.