SageView Advisory Group LLC Has $1.25 Million Position in Marathon Petroleum Corporation $MPC

SageView Advisory Group LLC lifted its position in Marathon Petroleum Corporation (NYSE:MPC) by 319.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,156 shares of the oil and gas company’s stock after acquiring an additional 5,450 shares during the period. SageView Advisory Group LLC’s holdings in Marathon Petroleum were worth $1,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Marathon Petroleum by 11.2% in 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 in the last quarter. Wellington Management Group LLP boosted its position in shares of Marathon Petroleum by 18.7% during the first quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company’s stock worth $1,722,664,000 after purchasing an additional 1,862,674 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 increased its position in shares of Marathon Petroleum by 13.1% in the 2nd quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after buying an additional 715,223 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Marathon Petroleum by 6.3% during the 1st quarter. Raymond James Financial Inc. now owns 6,037,532 shares of the oil and gas company’s stock worth $879,608,000 after buying an additional 355,215 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.2%

NYSE:MPC opened at $190.47 on Friday. 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 Corporation has a twelve month low of $115.10 and a twelve month high of $202.29. The company has a market cap of $57.25 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72. The business has a 50 day moving average price of $191.51 and a two-hundred day moving average price of $178.45.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data 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. The business had revenue of $34.81 billion for the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. As a group, analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is currently 42.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Mizuho boosted their price objective on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Bank of America raised their target price on shares of Marathon Petroleum from $184.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Scotiabank restated an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $203.21.

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.