Vontobel Swiss Wealth Advisors AG boosted its stake in Marathon Petroleum Corporation (NYSE:MPC) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,750 shares of the oil and gas company’s stock after acquiring an additional 1,825 shares during the period. Vontobel Swiss Wealth Advisors AG’s holdings in Marathon Petroleum Corporation were worth $603,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its holdings in Marathon Petroleum Corporation by 11.0% in the third quarter. Teacher Retirement System of Texas now owns 309,812 shares of the oil and gas company’s stock valued at $17,374,000 after acquiring an additional 30,748 shares during the last quarter. Advisor Group Inc. boosted its holdings in Marathon Petroleum Corporation by 10.3% in the third quarter. Advisor Group Inc. now owns 28,332 shares of the oil and gas company’s stock valued at $1,589,000 after acquiring an additional 2,650 shares during the last quarter. Toronto Dominion Bank lifted its stake in Marathon Petroleum Corporation by 9.3% in the third quarter. Toronto Dominion Bank now owns 196,561 shares of the oil and gas company’s stock valued at $11,021,000 after buying an additional 16,723 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Marathon Petroleum Corporation in the third quarter valued at approximately $2,816,000. Finally, HL Financial Services LLC lifted its stake in Marathon Petroleum Corporation by 12.9% in the third quarter. HL Financial Services LLC now owns 23,151 shares of the oil and gas company’s stock valued at $1,298,000 after buying an additional 2,653 shares during the period. Institutional investors and hedge funds own 81.02% of the company’s stock.
Shares of Marathon Petroleum Corporation (MPC) traded up $0.41 during trading hours on Tuesday, hitting $62.61. The stock had a trading volume of 1,571,696 shares, compared to its average volume of 4,407,922. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. Marathon Petroleum Corporation has a one year low of $42.57 and a one year high of $63.41. The firm has a market capitalization of $30,144.80, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59.
Marathon Petroleum Corporation (NYSE:MPC) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.29. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. The company had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. Marathon Petroleum Corporation’s revenue for the quarter was up 17.6% on a year-over-year basis. research analysts anticipate that Marathon Petroleum Corporation will post 3.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 annualized dividend and a yield of 2.56%. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is currently 49.08%.
Several brokerages have issued reports on MPC. Zacks Investment Research raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Cowen and Company reissued a “buy” rating on shares of Marathon Petroleum Corporation in a research note on Tuesday. BidaskClub raised Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $54.83 price target (down from $65.00) on shares of Marathon Petroleum Corporation in a research note on Thursday, July 20th. Finally, Goldman Sachs Group, Inc. (The) lowered Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Marathon Petroleum Corporation has a consensus rating of “Buy” and a consensus price target of $64.00.
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In related news, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.
Marathon Petroleum Corporation Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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