Swiss National Bank Has $185.50 Million Stake in Marathon Petroleum Co. (NYSE:MPC)

Swiss National Bank reduced its position in shares of Marathon Petroleum Co. (NYSE:MPC) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,250,366 shares of the oil and gas company’s stock after selling 114,500 shares during the quarter. Swiss National Bank’s holdings in Marathon Petroleum were worth $185,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aspire Private Capital LLC raised its position in Marathon Petroleum by 4.4% during the third quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 145 shares in the last quarter. Allworth Financial LP raised its stake in Marathon Petroleum by 3.2% during the fourth quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock worth $1,617,000 after acquiring an additional 340 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Marathon Petroleum by 9.1% in the third quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock worth $87,753,000 after acquiring an additional 48,540 shares during the last quarter. Intrust Bank NA boosted its stake in shares of Marathon Petroleum by 1.7% in the 4th quarter. Intrust Bank NA now owns 5,786 shares of the oil and gas company’s stock valued at $858,000 after purchasing an additional 98 shares in the last quarter. Finally, Choreo LLC lifted its stake in Marathon Petroleum by 149.9% in the 4th quarter. Choreo LLC now owns 5,133 shares of the oil and gas company’s stock valued at $762,000 after purchasing an additional 3,079 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Down 0.2 %

Shares of NYSE MPC traded down $0.40 during midday trading on Friday, hitting $182.55. 1,866,370 shares of the stock traded hands, compared to its average volume of 2,785,623. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.13 and a current ratio of 1.43. Marathon Petroleum Co. has a one year low of $104.32 and a one year high of $221.11. The business has a 50 day moving average price of $193.92 and a two-hundred day moving average price of $167.87. The company has a market cap of $64.32 billion, a PE ratio of 9.12, a P/E/G ratio of 1.46 and a beta of 1.55.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The business had revenue of $32.71 billion during the quarter, compared to analyst estimates of $32.07 billion. During the same quarter in the previous year, the business posted $6.09 EPS. Marathon Petroleum’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.81%. Marathon Petroleum’s payout ratio is 16.48%.

Marathon Petroleum declared that its board has initiated a stock repurchase plan on Tuesday, April 30th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the oil and gas company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MPC shares. The Goldman Sachs Group increased their price target on Marathon Petroleum from $175.00 to $211.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Mizuho decreased their target price on shares of Marathon Petroleum from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Finally, Piper Sandler lifted their price objective on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $193.62.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum 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.