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

SageView Advisory Group LLC boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC — Free Report) by 319.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,156 shares of the oil and gas company’s stock after acquiring an additional 5,450 shares during the quarter. SageView Advisory Group LLC’s holdings in Marathon Petroleum were worth $1,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares in the last quarter. Wellington Management Group LLP grew its stake 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 worth $1,722,664,000 after buying an additional 1,862,674 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Marathon Petroleum by 14.8% during 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 buying an additional 1,033,645 shares in the last quarter. Boston Partners raised its stake in shares of Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after acquiring an additional 715,223 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Marathon Petroleum by 6.3% in 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 acquiring an additional 355,215 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MPC has been the subject of a number of recent analyst reports. Mizuho lifted 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. UBS Group raised their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Raymond James Financial upped their price target on shares of Marathon Petroleum from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. BMO Capital Markets increased their price objective on shares of Marathon Petroleum from $208.00 to $210.00 in a report on Tuesday, November 11th. Finally, Morgan Stanley boosted their target price on shares of Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum presently has an average rating of “Hold” and an average price target of $203.21.

Check Out Our Latest Stock Analysis on Marathon Petroleum

Marathon Petroleum Price Performance

Shares of MPC stock opened at $190.47 on Friday. The firm has a market cap of $57.25 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 0.98 and a beta of 0.72. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $191.51 and a 200 day moving average price of $178.45.

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, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The company had revenue of $34.81 billion for the quarter, compared to the consensus estimate of $31.06 billion. Research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

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

Marathon Petroleum Company 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.

See Also

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).

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