3,145 Shares in Marathon Petroleum Corporation $MPC Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,145 shares of the oil and gas company’s stock, valued at approximately $606,000.

Other hedge funds have also made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in Marathon Petroleum during the second quarter valued at approximately $25,000. NewSquare Capital LLC lifted its position in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. WFA of San Diego LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $33,000. Transce3nd LLC grew its holdings in shares of Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 205 shares in the last quarter. Finally, Stone House Investment Management LLC increased its stake in shares of Marathon Petroleum by 46.1% in the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 71 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 1.6%

Shares of MPC stock opened at $197.94 on Friday. The stock’s 50 day simple moving average is $182.09 and its 200 day simple moving average is $184.33. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $210.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The company has a market capitalization of $59.50 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.30 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The firm had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 29.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MPC. TD Cowen lifted their price objective on Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Piper Sandler cut their price target on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Raymond James Financial increased their price objective on Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Marathon Petroleum from $204.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $202.19.

About Marathon Petroleum

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.