Banque Cantonale Vaudoise Boosts Stock Position in Marathon Petroleum Corporation $MPC

Banque Cantonale Vaudoise lifted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 188.3% in the first quarter, HoldingsChannel reports. The fund owned 4,795 shares of the oil and gas company’s stock after acquiring an additional 3,132 shares during the period. Banque Cantonale Vaudoise’s holdings in Marathon Petroleum were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPC. Navalign LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth $31,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Marathon Petroleum during the 3rd quarter valued at $39,000. IAG Wealth Partners LLC bought a new stake in shares of Marathon Petroleum during the 3rd quarter valued at $39,000. Finally, Berbice Capital Management LLC lifted its stake in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

NYSE:MPC opened at $253.78 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $74.09 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.39 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The business’s 50-day moving average is $247.79 and its 200 day moving average is $216.35.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. On average, equities research analysts forecast that Marathon Petroleum Corporation will post 31.35 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is presently 26.11%.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares in the company, valued at $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MPC shares. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. upped their price objective on Marathon Petroleum from $235.00 to $257.00 in a research note on Wednesday, May 6th. Bank of America increased their target price on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Finally, Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 17th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $272.94.

Marathon Petroleum Profile

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.