Marathon Petroleum Co. (NYSE:MPC) Stock Position Lowered by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its position in Marathon Petroleum Co. (NYSE:MPC) by 17.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,584 shares of the oil and gas company’s stock after selling 342 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Marathon Petroleum were worth $235,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MPC. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Marathon Petroleum in the 3rd quarter worth approximately $109,099,000. Acadian Asset Management LLC lifted its position in Marathon Petroleum by 127.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock worth $186,536,000 after buying an additional 689,576 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Marathon Petroleum by 256.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock worth $131,235,000 after buying an additional 636,281 shares in the last quarter. International Assets Investment Management LLC lifted its position in Marathon Petroleum by 248.1% in the 4th quarter. International Assets Investment Management LLC now owns 608,888 shares of the oil and gas company’s stock worth $90,335,000 after buying an additional 433,977 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Marathon Petroleum by 61.9% in the 3rd quarter. Korea Investment CORP now owns 662,266 shares of the oil and gas company’s stock worth $100,227,000 after buying an additional 253,321 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased their target price on shares of Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Raymond James increased their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Citigroup initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, January 24th. They set a “neutral” rating on the stock. Finally, Piper Sandler increased their price target on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Stock Performance

NYSE MPC opened at $198.39 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The firm has a market capitalization of $71.49 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.61 and a beta of 1.52. The company’s fifty day moving average is $192.39 and its two-hundred day moving average is $166.94. Marathon Petroleum Co. has a 52-week low of $104.32 and a 52-week high of $221.11.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the business posted $6.65 EPS. Equities research analysts forecast that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s payout ratio is 14.02%.

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.