3,300 Marathon Petroleum Corporation $MPC Shares Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 330.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the oil and gas company’s stock after buying an additional 3,300 shares during the period. Fairvoy Private Wealth LLC’s holdings in Marathon Petroleum were worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MPC. BlackRock Inc. purchased a new position in shares of Marathon Petroleum in the 2nd quarter valued at $6,648,958,000. Bank of New York Mellon Corp purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth $1,029,611,000. Bank of America Corp DE boosted its position in Marathon Petroleum by 1.6% during the first quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock valued at $633,668,000 after purchasing an additional 40,124 shares in the last quarter. Amundi boosted its position in Marathon Petroleum by 17.5% during the second quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock valued at $572,172,000 after purchasing an additional 332,551 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Marathon Petroleum by 16.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,508,489 shares of the oil and gas company’s stock valued at $385,675,000 after purchasing an additional 215,686 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 0.8%

MPC stock traded down $3.84 on Monday, hitting $474.23. 1,925,845 shares of the company’s stock were exchanged, compared to its average volume of 2,475,936. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $493.98. The firm has a 50 day moving average price of $397.65 and a two-hundred day moving average price of $309.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25. The stock has a market cap of $138.44 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.14 and a beta of 0.54.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating analysts’ consensus estimates of $14.27 by $3.46. The company had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same period last year, the business posted $3.96 earnings per share. As a group, equities research analysts expect that Marathon Petroleum Corporation will post 62.78 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. Marathon Petroleum’s dividend payout ratio is 13.75%.

Insider Activity

In other Marathon Petroleum news, SVP Shawn M. Lyon sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. The trade was a 16.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Molly R. Benson sold 17,196 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. This represents a 36.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,691 shares of company stock worth $7,780,127 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on MPC shares. Evercore set a $330.00 target price on shares of Marathon Petroleum in a report on Wednesday, August 5th. TD Cowen raised their price target on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citigroup raised their price target on shares of Marathon Petroleum from $318.00 to $518.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. Barclays lifted their price objective on shares of Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Finally, Mizuho boosted their price objective on shares of Marathon Petroleum from $304.00 to $457.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average target price of $417.88.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.