United Capital Management of KS Inc. Grows Stock Holdings in Marathon Petroleum Corporation $MPC

Key Points

• United Capital Management of KS Inc. increased its stake in Marathon Petroleum by 6.3%, owning 44,117 shares valued at approximately $6.4 million, making it the fund's 29th largest position.
• Multiple institutional investors have also enhanced their positions in Marathon Petroleum, with Demars Financial Group notably increasing its holdings by 16,338.3% to over 4.17 million shares.
• Marathon Petroleum announced a quarterly dividend of $0.91 per share, which will be paid on September 10th, resulting in an annualized dividend yield of 2.2%.

United Capital Management of KS Inc. boosted its position in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,117 shares of the oil and gas company's stock after acquiring an additional 2,627 shares during the period. Marathon Petroleum accounts for about 1.3% of United Capital Management of KS Inc.'s holdings, making the stock its 29th biggest position. United Capital Management of KS Inc.'s holdings in Marathon Petroleum were worth $6,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Good Steward Wealth Advisors LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $346,000. Silver Oak Securities Incorporated bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $339,000. Financial Partners Group LLC lifted its holdings in shares of Marathon Petroleum by 65.8% in the first quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company's stock valued at $574,000 after purchasing an additional 1,563 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Marathon Petroleum by 8.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company's stock valued at $6,467,000 after purchasing an additional 3,291 shares in the last quarter. Finally, Weatherly Asset Management L. P. bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $216,000. Institutional investors own 76.77% of the company's stock.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total value 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 disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MPC shares. 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 report on Wednesday, August 6th. Morgan Stanley increased their price target on Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Evercore ISI began coverage on Marathon Petroleum in a research report on Wednesday, June 18th. They set an "in-line" rating and a $170.00 price target for the company. Piper Sandler upped their price objective on Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Mizuho boosted their target price on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $185.29.

Marathon Petroleum Stock Up 1.0%

Shares of MPC traded up $1.5870 on Tuesday, reaching $164.2570. The stock had a trading volume of 1,942,042 shares, compared to its average volume of 2,640,677. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $183.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The firm has a market capitalization of $49.94 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The company has a 50-day simple moving average of $169.47 and a 200-day simple moving average of $154.19.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping 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 business had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same quarter last year, the company earned $4.12 EPS. The company's quarterly revenue was down 11.1% compared to the same quarter last year. Sell-side analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum's dividend payout ratio is currently 54.01%.

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.