Fox Run Management L.L.C. Makes New $606,000 Investment in Marathon Petroleum Corporation $MPC

Fox Run Management L.L.C. purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,145 shares of the oil and gas company’s stock, valued at approximately $606,000.

Several other institutional investors have also modified their holdings of the company. Associated Banc Corp increased its holdings in shares of Marathon Petroleum by 2.1% during the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 52 shares during the period. CoreCap Advisors LLC increased its stake in Marathon Petroleum by 2.6% during the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 59 shares during the period. FSM Wealth Advisors LLC raised its position in shares of Marathon Petroleum by 1.6% during the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock worth $760,000 after buying an additional 63 shares in the last quarter. Warwick Investment Management Inc. lifted its stake in shares of Marathon Petroleum by 4.6% in the 3rd quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock worth $277,000 after acquiring an additional 63 shares during the period. Finally, Simmons Bank boosted its holdings in shares of Marathon Petroleum by 1.3% in the third quarter. Simmons Bank now owns 5,105 shares of the oil and gas company’s stock valued at $984,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Down 1.6%

NYSE:MPC opened at $197.94 on Friday. The stock has a fifty day simple moving average of $182.09 and a 200 day simple moving average of $184.33. The firm has a market capitalization of $59.50 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $210.32. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. Sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s payout ratio is presently 29.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MPC shares. Wells Fargo & Company upped their target price on Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price objective on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. TD Cowen lifted their target price on Marathon Petroleum from $183.00 to $198.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Piper Sandler cut their price target on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $174.00 price objective on shares of Marathon Petroleum in a research note on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.