United Advisor Group LLC Grows Stock Position in Marathon Petroleum Corporation $MPC

United Advisor Group LLC grew its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Marathon Petroleum by 3.2% during the second quarter. Empowered Funds LLC now owns 200,599 shares of the oil and gas company’s stock worth $33,321,000 after buying an additional 6,196 shares during the period. Intrust Bank NA lifted its stake in shares of Marathon Petroleum by 4.7% during the second quarter. Intrust Bank NA now owns 5,796 shares of the oil and gas company’s stock worth $963,000 after buying an additional 258 shares during the period. Rothschild Investment LLC grew its holdings in shares of Marathon Petroleum by 0.7% during the second quarter. Rothschild Investment LLC now owns 20,784 shares of the oil and gas company’s stock valued at $3,452,000 after buying an additional 153 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Marathon Petroleum by 8.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 157,943 shares of the oil and gas company’s stock worth $26,236,000 after acquiring an additional 11,790 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MPC has been the topic of several research analyst reports. Mizuho boosted their price target on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Evercore ISI upped their target price on Marathon Petroleum from $170.00 to $210.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Wells Fargo & Company reduced their price target on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. BMO Capital Markets upped their price objective on shares of Marathon Petroleum from $208.00 to $210.00 in a report on Tuesday, November 11th. Finally, UBS Group increased their price objective on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $202.14.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $196.09 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The stock has a market capitalization of $58.95 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.83 and a beta of 0.90. The firm’s 50 day simple moving average is $189.95 and its 200-day simple moving average is $174.94. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29.

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

Marathon Petroleum Increases Dividend

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

Marathon Petroleum Company 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.