Fieldview Capital Management LLC Invests $1.30 Million in Marathon Petroleum Corporation $MPC

Fieldview Capital Management LLC acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,725 shares of the oil and gas company’s stock, valued at approximately $1,296,000.

A number of other large investors have also recently bought and sold shares of the business. Associated Banc Corp grew 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 last quarter. CoreCap Advisors LLC lifted its holdings in shares of Marathon Petroleum by 2.6% in the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 59 shares during the last quarter. CI Investments Inc. boosted its position in Marathon Petroleum by 1.8% during the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 60 shares during the period. FSM Wealth Advisors LLC grew its stake in 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 during the last quarter. Finally, Warwick Investment Management Inc. lifted its stake in Marathon Petroleum by 4.6% in the third quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 63 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MPC. UBS Group reissued a “buy” rating and set a $221.00 target price on shares of Marathon Petroleum in a research note on Friday, February 6th. Raymond James Financial increased their price target on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. BMO Capital Markets increased their target price on shares of Marathon Petroleum from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Finally, Piper Sandler dropped their price objective on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $202.50.

View Our Latest Stock Report on Marathon Petroleum

Marathon Petroleum Trading Down 2.8%

Shares of NYSE MPC opened at $215.15 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $228.55. The business has a 50-day moving average price of $188.22 and a two-hundred day moving average price of $186.88. The firm has a market capitalization of $63.41 billion, a PE ratio of 16.12, a PEG ratio of 1.37 and a beta of 0.69.

Marathon Petroleum (NYSE:MPC — Get Free Report) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

About Marathon Petroleum

(Free Report)

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.

See Also

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