Marathon Petroleum Co. (NYSE:MPC) Stake Raised by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 15.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 800 shares of the oil and gas company’s stock after purchasing an additional 110 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Marathon Petroleum were worth $130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. PDS Planning Inc raised its position in Marathon Petroleum by 4.8% in the third quarter. PDS Planning Inc now owns 2,851 shares of the oil and gas company’s stock worth $464,000 after acquiring an additional 130 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Marathon Petroleum by 3.6% in the third quarter. Asset Management One Co. Ltd. now owns 151,125 shares of the oil and gas company’s stock worth $24,620,000 after acquiring an additional 5,308 shares in the last quarter. National Pension Service raised its position in Marathon Petroleum by 3.1% in the third quarter. National Pension Service now owns 977,250 shares of the oil and gas company’s stock worth $159,204,000 after acquiring an additional 29,008 shares in the last quarter. Vestor Capital LLC raised its position in Marathon Petroleum by 103.2% in the third quarter. Vestor Capital LLC now owns 2,723 shares of the oil and gas company’s stock worth $444,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Marathon Petroleum during the 3rd quarter worth about $68,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $144.94 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. Marathon Petroleum Co. has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The stock’s 50-day moving average is $162.00 and its two-hundred day moving average is $170.76. The firm has a market cap of $48.51 billion, a P/E ratio of 7.62, a PEG ratio of 2.74 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $36.66 billion. During the same period in the prior year, the firm posted $5.32 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. Analysts predict that Marathon Petroleum Co. will post 8.71 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.91 per share. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.51%. Marathon Petroleum’s dividend payout ratio is currently 17.34%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Bank of America assumed coverage on Marathon Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $174.00 price objective on the stock. Tudor Pickering downgraded Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a report on Monday, September 9th. Mizuho cut their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Tudor, Pickering, Holt & Co. lowered Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s 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 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.