Swiss National Bank Boosts Stake in Marathon Petroleum Corporation $MPC

Swiss National Bank raised its stake in Marathon Petroleum Corporation (NYSE:MPC) by 4.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 942,966 shares of the oil and gas company’s stock after purchasing an additional 36,600 shares during the quarter. Swiss National Bank’s holdings in Marathon Petroleum were worth $156,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baker Tilly Wealth Management LLC boosted its holdings in Marathon Petroleum by 2.8% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company’s stock valued at $370,000 after acquiring an additional 60 shares during the period. CHICAGO TRUST Co NA grew its position in shares of Marathon Petroleum by 3.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 63 shares during the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of Marathon Petroleum by 4.2% during the second quarter. Werba Rubin Papier Wealth Management now owns 1,577 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 64 shares in the last quarter. AdvisorShares Investments LLC lifted its stake in Marathon Petroleum by 2.4% in the second quarter. AdvisorShares Investments LLC now owns 2,828 shares of the oil and gas company’s stock valued at $470,000 after buying an additional 66 shares during the last quarter. Finally, Joseph Group Capital Management boosted its stake in Marathon Petroleum by 0.3% during the 2nd quarter. Joseph Group Capital Management now owns 21,904 shares of the oil and gas company’s stock worth $3,639,000 after purchasing an additional 67 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MPC shares. UBS Group lifted their target price on Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Raymond James Financial set a $200.00 price target on Marathon Petroleum in a report on Tuesday, November 4th. Finally, Mizuho boosted their target price on shares of Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Marathon Petroleum presently has a consensus rating of “Hold” and an average target price of $202.14.

Marathon Petroleum Stock Up 1.4%

MPC opened at $190.53 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The company has a market cap of $57.27 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 4.50 and a beta of 0.90. The firm has a 50 day moving average price of $190.87 and a 200 day moving average price of $175.90. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $202.29.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a dividend of $1.00 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 annualized dividend and a yield of 2.1%. Marathon Petroleum’s payout ratio is presently 42.64%.

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.