1,962 Marathon Petroleum Corporation $MPC Shares Acquired by United Advisor Group LLC

by · The Cerbat Gem

United Advisor Group LLC grew its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 124.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,537 shares of the oil and gas company’s stock after acquiring an additional 1,962 shares during the period. United Advisor Group LLC’s holdings in Marathon Petroleum were worth $1,398,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Plancorp LLC grew its stake in shares of Marathon Petroleum by 11.1% in the 3rd quarter. Plancorp LLC now owns 1,427 shares of the oil and gas company’s stock worth $564,000 after buying an additional 142 shares during the last quarter. May Hill Capital LLC purchased a new position in Marathon Petroleum during the third quarter valued at $252,000. LightSquare Wealth Management LLC boosted its holdings in Marathon Petroleum by 1.4% in the third quarter. LightSquare Wealth Management LLC now owns 2,342 shares of the oil and gas company’s stock worth $926,000 after acquiring an additional 32 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Marathon Petroleum by 3.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,146 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 43 shares in the last quarter. Finally, Providence First Trust Co purchased a new stake in shares of Marathon Petroleum in the third quarter worth $504,000. 76.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total transaction of $206,790.30. Following the completion of the sale, the vice president directly owned 1,576 shares in the company, valued at $571,757.04. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were 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 of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MPC has been the subject of several recent analyst reports. Evercore set a $330.00 price target on Marathon Petroleum in a research report on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a research report on Sunday, October 11th. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $560.00 to $564.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Marathon Petroleum from $318.00 to $518.00 and gave the stock a “neutral” rating in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $425.12.

View Our Latest Analysis on Marathon Petroleum

Marathon Petroleum Trading Down 1.3%

NYSE:MPC opened at $372.48 on Friday. The company has a market cap of $101.42 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.10 and a beta of 0.53. The company has a current ratio of 1.45, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $421.69 and a two-hundred day simple moving average of $295.35. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $493.98.

Marathon Petroleum (NYSE:MPC – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $26.93 earnings per share for the quarter, beating the consensus estimate of $25.37 by $1.56. The firm had revenue of $56.03 billion for the quarter, compared to analysts’ expectations of $46.60 billion. Marathon Petroleum had a return on equity of 55.82% and a net margin of 8.27%. The company’s revenue was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.01 EPS. Research analysts forecast that Marathon Petroleum Corporation will post 66.31 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 18th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, November 18th. Marathon Petroleum’s dividend payout ratio is 13.75%.

Marathon Petroleum News Summary

Here are the key news stories impacting Marathon Petroleum this week:

About Marathon Petroleum

(Free Report)

Marathon Petroleum Corporation is an integrated downstream energy company focused on refining, marketing, and transporting petroleum products. Its refineries produce fuels and other products, including gasoline, diesel, jet fuel, asphalt, and petrochemical feedstocks.

The company sells transportation fuels and related products through a network of branded locations and other wholesale and commercial channels, primarily in the United States. Its midstream operations, conducted largely through its affiliated partnership MPLX, include gathering, processing, and transporting natural gas and natural gas liquids, as well as storing and transporting crude oil and refined products.

Marathon Petroleum was established as an independent company in 2011, when it was spun off from Marathon Oil Corporation.

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