United Advisor Group LLC Purchases New Holdings in Marathon Petroleum Corporation (NYSE:MPC)

United Advisor Group LLC acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,523 shares of the oil and gas company's stock, valued at approximately $1,096,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Investment Counsel LLC raised its stake in Marathon Petroleum by 7.2% in the first quarter. Sterling Investment Counsel LLC now owns 1,705 shares of the oil and gas company's stock valued at $248,000 after purchasing an additional 115 shares in the last quarter. Duncan Williams Asset Management LLC boosted its stake in Marathon Petroleum by 11.1% in the first quarter. Duncan Williams Asset Management LLC now owns 7,167 shares of the oil and gas company's stock valued at $1,044,000 after buying an additional 715 shares in the last quarter. Harrell Investment Partners LLC grew its position in Marathon Petroleum by 4.4% in the first quarter. Harrell Investment Partners LLC now owns 32,208 shares of the oil and gas company's stock valued at $4,692,000 after acquiring an additional 1,359 shares during the last quarter. Builder Investment Group Inc. ADV bought a new position in shares of Marathon Petroleum in the first quarter worth about $204,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Marathon Petroleum by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 52,031 shares of the oil and gas company's stock valued at $7,580,000 after purchasing an additional 390 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $167.37 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The stock has a market cap of $51.42 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.35 and a beta of 0.89. The stock's fifty day simple moving average is $149.94 and its two-hundred day simple moving average is $146.70. Marathon Petroleum Corporation has a 1-year low of $115.10 and a 1-year high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, analysts forecast that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MPC. Evercore ISI started coverage on shares of Marathon Petroleum in a research report on Wednesday. They issued an "in-line" rating and a $170.00 target price on the stock. Mizuho lifted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Barclays boosted their price objective on Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley lowered their target price on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $175.80.

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.

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.