F m Investments LLC Has $5.89 Million Stock Holdings in Marathon Petroleum Corporation $MPC

F m Investments LLC lifted its stake in Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 45.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,452 shares of the oil and gas company’s stock after purchasing an additional 11,133 shares during the period. F m Investments LLC’s holdings in Marathon Petroleum were worth $5,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after buying an additional 3,924,713 shares during the last quarter. Norges Bank acquired a new stake in shares of Marathon Petroleum in the 2nd quarter valued at approximately $527,197,000. Boston Partners boosted its stake in Marathon Petroleum by 58.5% during the 1st quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company’s stock worth $791,274,000 after acquiring an additional 2,011,810 shares during the last quarter. Wellington Management Group LLP grew its holdings in 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 valued at $1,722,664,000 after purchasing an additional 1,862,674 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after purchasing an additional 1,033,645 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 1.0%

Marathon Petroleum stock opened at $191.86 on Friday. 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 firm has a 50-day moving average of $191.50 and a 200-day moving average of $177.11. The company has a market cap of $57.67 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 0.98 and a beta of 0.90. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.29.

Marathon Petroleum (NYSE:MPC — Get Free Report) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 9.76% and a net margin of 2.13%. On average, equities analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.1%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s payout ratio is currently 42.64%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MPC. UBS Group increased their price target on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. TD Cowen cut their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets upped their price target on shares of Marathon Petroleum from $208.00 to $210.00 in a report on Tuesday, November 11th. Raymond James Financial set a $200.00 price objective on shares of Marathon Petroleum in a report on Tuesday, November 4th. Finally, Barclays upped their target price on shares of Marathon Petroleum from $194.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $202.14.

Check Out Our Latest Analysis on MPC

Marathon Petroleum Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC — Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Marathon Petroleum, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Marathon Petroleum wasn’t on the list.

While Marathon Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here