Vontobel Holding Ltd. Sells 3,911 Shares of Marathon Petroleum Co. (NYSE:MPC)

Vontobel Holding Ltd. cut its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,838 shares of the oil and gas company's stock after selling 3,911 shares during the quarter. Vontobel Holding Ltd.'s holdings in Marathon Petroleum were worth $1,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPC. FinTrust Capital Advisors LLC raised its position in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum in the 1st quarter valued at $29,000. Wellington Shields & Co. LLC bought a new stake in shares of Marathon Petroleum in the 1st quarter valued at $40,000. TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum during the 2nd quarter worth $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new position in Marathon Petroleum during the second quarter worth about $35,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Down 0.0 %

Shares of NYSE MPC traded down $0.01 during trading hours on Friday, hitting $158.30. The company had a trading volume of 2,214,886 shares, compared to its average volume of 2,682,881. The stock has a market capitalization of $55.77 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum Co. has a 1-year low of $140.98 and a 1-year high of $221.11. The firm's 50 day moving average is $167.72 and its 200-day moving average is $175.38. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data 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 net margin of 4.79% and a return on equity of 24.05%. 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 previous year, the business earned $5.32 EPS. Marathon Petroleum's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Co. will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.08%. Marathon Petroleum's payout ratio is 16.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MPC shares. Citigroup dropped their price target on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Barclays cut their price target on shares of Marathon Petroleum from $180.00 to $168.00 and set an "overweight" rating on the stock in a research note on Thursday, October 10th. Scotiabank lowered their price objective on shares of Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Tudor Pickering cut shares of Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 9th. Finally, Piper Sandler lowered their target price on Marathon Petroleum from $168.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.