Banque Cantonale Vaudoise Purchases Shares of 2,945 Marathon Petroleum Corporation (NYSE:MPC)
Banque Cantonale Vaudoise purchased a new stake in Marathon Petroleum Corporation (NYSE:MPC — Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,945 shares of the oil and gas company’s stock, valued at approximately $429,000.
A number of other institutional investors also recently added to or reduced their stakes in MPC. Beverly Hills Private Wealth LLC increased its holdings in shares of Marathon Petroleum by 1.2% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company’s stock worth $928,000 after buying an additional 76 shares in the last quarter. Sunpointe LLC grew its position in shares of Marathon Petroleum by 5.1% during the 1st quarter. Sunpointe LLC now owns 1,681 shares of the oil and gas company’s stock worth $245,000 after buying an additional 81 shares during the period. Valmark Advisers Inc. boosted its stake in Marathon Petroleum by 2.3% during the 1st quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company’s stock worth $554,000 after acquiring an additional 86 shares during the last quarter. Southland Equity Partners LLC boosted its stake in Marathon Petroleum by 6.2% during the 1st quarter. Southland Equity Partners LLC now owns 1,549 shares of the oil and gas company’s stock worth $226,000 after acquiring an additional 90 shares during the last quarter. Finally, Prudent Man Advisors LLC boosted its stake in Marathon Petroleum by 2.3% during the 1st quarter. Prudent Man Advisors LLC now owns 4,056 shares of the oil and gas company’s stock worth $591,000 after acquiring an additional 91 shares during the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the sale, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
MPC has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. Evercore ISI started coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 price target for the company. Dbs Bank upgraded Marathon Petroleum to a “moderate buy” rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $182.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, TD Cowen boosted their price objective on Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Hold” and an average target price of $183.93.
View Our Latest Stock Analysis on Marathon Petroleum
Marathon Petroleum Trading Down 2.8%
Shares of Marathon Petroleum stock opened at $165.47 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $183.10. The stock has a 50 day moving average price of $168.81 and a two-hundred day moving average price of $153.27. The stock has a market capitalization of $50.83 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.88.
Marathon Petroleum (NYSE:MPC — Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Marathon Petroleum’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 51.20%.
About Marathon Petroleum
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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