swisspartners Advisors Ltd Has $3.21 Million Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

swisspartners Advisors Ltd lifted its stake in shares of Marathon Petroleum Co. (NYSE:MPC) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,725 shares of the oil and gas company’s stock after buying an additional 220 shares during the period. Marathon Petroleum makes up 2.5% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 16th biggest position. swisspartners Advisors Ltd’s holdings in Marathon Petroleum were worth $3,213,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MPC. FinTrust Capital Advisors LLC lifted its stake in Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth $29,000. TruNorth Capital Management LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth $35,000. Industrial Alliance Investment Management Inc. acquired a new stake in Marathon Petroleum in the second quarter valued at about $35,000. Finally, Wellington Shields & Co. LLC acquired a new stake in Marathon Petroleum during the 1st quarter valued at approximately $40,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Down 1.6 %

MPC stock traded down $2.34 during trading on Friday, reaching $143.13. The stock had a trading volume of 2,149,700 shares, compared to its average volume of 2,668,702. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 2.77 and a beta of 1.37. Marathon Petroleum Co. has a one year low of $140.98 and a one year high of $221.11. The company’s 50 day moving average is $162.57 and its two-hundred day moving average is $171.55.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same period in the prior year, the company posted $5.32 earnings per share. Marathon Petroleum’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Co. will post 8.71 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $0.91 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, November 20th. Marathon Petroleum’s payout ratio is 17.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MPC shares. Wells Fargo & Company lowered their target price on shares of Marathon Petroleum from $196.00 to $183.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Citigroup decreased their target price on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group increased their price target on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Scotiabank dropped their target price on shares of Marathon Petroleum from $191.00 to $170.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Mizuho decreased their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.00.

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.