Swiss National Bank Reduces Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Swiss National Bank trimmed its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 945,466 shares of the oil and gas company's stock after selling 100,300 shares during the period. Swiss National Bank owned approximately 0.29% of Marathon Petroleum worth $131,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPC. Covestor Ltd raised its holdings in Marathon Petroleum by 44.8% in the 3rd quarter. Covestor Ltd now owns 294 shares of the oil and gas company's stock valued at $48,000 after buying an additional 91 shares during the period. Savvy Advisors Inc. purchased a new stake in shares of Marathon Petroleum in the 3rd quarter valued at approximately $225,000. Victory Capital Management Inc. lifted its holdings in shares of Marathon Petroleum by 11.5% in the 3rd quarter. Victory Capital Management Inc. now owns 478,876 shares of the oil and gas company's stock worth $78,014,000 after acquiring an additional 49,523 shares during the last quarter. Haverford Trust Co boosted its position in shares of Marathon Petroleum by 6.6% during the 3rd quarter. Haverford Trust Co now owns 6,279 shares of the oil and gas company's stock worth $1,023,000 after purchasing an additional 391 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in Marathon Petroleum by 6.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 6,315 shares of the oil and gas company's stock valued at $1,029,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MPC shares. Wells Fargo & Company raised their price target on Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Barclays boosted their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, Raymond James increased their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and a consensus price target of $182.13.

Insider Activity at Marathon Petroleum

In other news, Director Evan Bayh acquired 1,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $134.72 per share, with a total value of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum Stock Performance

NYSE:MPC traded down $0.16 during mid-day trading on Tuesday, reaching $146.00. 2,797,798 shares of the stock were exchanged, compared to its average volume of 2,475,507. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11. The company has a 50 day simple moving average of $148.48 and a 200-day simple moving average of $152.76. The stock has a market capitalization of $45.48 billion, a P/E ratio of 14.70, a P/E/G ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.71. The business had revenue of $33.47 billion for the quarter, compared to analysts' expectations of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.98 EPS. Analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.49%. Marathon Petroleum's dividend payout ratio (DPR) is 36.66%.

About Marathon Petroleum

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.