Quadcap Wealth Management LLC Makes New $571,000 Investment in Marathon Petroleum Corporation $MPC

Quadcap Wealth Management LLC bought a new stake in Marathon Petroleum Corporation (NYSE:MPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,440 shares of the oil and gas company’s stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Concord Asset Management LLC VA acquired a new stake in shares of Marathon Petroleum in the second quarter valued at approximately $412,000. Jump Financial LLC lifted its stake in Marathon Petroleum by 128.0% in the 1st quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after buying an additional 4,863 shares in the last quarter. FSM Wealth Advisors LLC acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $685,000. Los Angeles Capital Management LLC increased its position in Marathon Petroleum by 459.5% during the second quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after buying an additional 156,019 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Marathon Petroleum by 12.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 578,641 shares of the oil and gas company’s stock worth $84,302,000 after acquiring an additional 64,849 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Ratings Changes

MPC has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Piper Sandler upped their target price on shares of Marathon Petroleum from $220.00 to $231.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Wall Street Zen upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley boosted their price objective on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Finally, UBS Group raised their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Hold” and an average target price of $202.14.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $190.39 on Tuesday. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29. The firm has a 50 day moving average price of $191.08 and a 200 day moving average price of $176.63. The company has a market cap of $57.23 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.00 and a beta of 0.90. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. The company had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. Sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current 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 issued a $1.00 dividend. The ex-dividend date is Wednesday, November 19th. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Marathon Petroleum’s payout ratio is 42.64%.

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.