3,881 Shares in Marathon Petroleum Corporation $MPC Purchased by FSM Wealth Advisors LLC

Key Points

• FSM Wealth Advisors LLC acquired 3,881 shares of Marathon Petroleum Corporation, valued at approximately $685,000, in the second quarter.
• Marathon Petroleum reported a quarterly EPS of $3.96, exceeding analysts' estimates of $3.22, and generated $34.10 billion in revenue during the same quarter.
• Analysts have set new price targets for the stock, with Evercore ISI raising their target from $170.00 to $210.00, indicating a growing confidence in the company's future performance.

FSM Wealth Advisors LLC purchased a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,881 shares of the oil and gas company's stock, valued at approximately $685,000.

Several other institutional investors have also added to or reduced their stakes in MPC. Vanguard Group Inc. grew its holdings in Marathon Petroleum by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 34,941,391 shares of the oil and gas company's stock valued at $5,090,611,000 after buying an additional 3,834,501 shares in the last quarter. Boston Partners lifted its stake in shares of Marathon Petroleum by 58.5% in the 1st quarter. Boston Partners now owns 5,448,514 shares of the oil and gas company's stock valued at $791,274,000 after purchasing an additional 2,011,810 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum by 18.7% in the 1st quarter. Wellington Management Group LLP now owns 11,824,177 shares of the oil and gas company's stock valued at $1,722,664,000 after purchasing an additional 1,862,674 shares during the last quarter. Nuveen LLC bought a new stake in shares of Marathon Petroleum in the 1st quarter valued at approximately $147,122,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Marathon Petroleum by 26.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,675,362 shares of the oil and gas company's stock valued at $535,465,000 after purchasing an additional 769,015 shares during the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 2.2%

Marathon Petroleum stock opened at $192.77 on Thursday. The stock has a 50-day moving average of $182.18 and a two-hundred day moving average of $165.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $201.61. The stock has a market cap of $58.61 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. During the same period last year, the business posted $4.12 earnings per share. The firm's revenue was down 11.1% compared to the same quarter last year. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Marathon Petroleum's dividend payout ratio (DPR) is 54.01%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their price objective on Marathon Petroleum from $170.00 to $210.00 and gave the company an "in-line" rating in a research note on Friday, September 19th. TD Cowen decreased their price target on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Barclays raised their price target on Marathon Petroleum from $176.00 to $194.00 and gave the stock an "overweight" rating in a research note on Monday, October 13th. BMO Capital Markets raised their price target on Marathon Petroleum from $195.00 to $208.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Finally, Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $200.31.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company's stock.

Marathon Petroleum 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.

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