Victory Financial Group LLC Takes $1.23 Million Position in Marathon Petroleum Corporation $MPC

Victory Financial Group LLC bought a new position in shares of Marathon Petroleum Corporation (NYSE:MPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,427 shares of the oil and gas company’s stock, valued at approximately $1,234,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after purchasing an additional 1,178 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Marathon Petroleum by 13.3% in the first quarter. Westwood Holdings Group Inc. now owns 4,004 shares of the oil and gas company’s stock valued at $583,000 after buying an additional 470 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Marathon Petroleum by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,591,077 shares of the oil and gas company’s stock valued at $377,494,000 after buying an additional 105,152 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Marathon Petroleum during the 1st quarter worth approximately $411,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Marathon Petroleum by 12.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 578,641 shares of the oil and gas company’s stock worth $84,302,000 after acquiring an additional 64,849 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $190.47 on Friday. The firm has a market cap of $57.25 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $202.29. The business’s 50 day moving average price is $191.51 and its two-hundred day moving average price is $178.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $31.06 billion. On average, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on MPC shares. JPMorgan Chase & Co. lifted their price target on shares of Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Raymond James Financial raised their target price on Marathon Petroleum from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. UBS Group upped their price target on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Mizuho increased their price target on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum has an average rating of “Hold” and a consensus price target of $203.21.

Marathon Petroleum Company Profile

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.