Union Bancaire Privee UBP SA Takes $3.16 Million Position in Marathon Petroleum Corporation $MPC

Union Bancaire Privee UBP SA bought a new position in Marathon Petroleum Corporation (NYSE:MPC) during the 1st quarter, Holdings Channel.com reports. The fund bought 12,944 shares of the oil and gas company’s stock, valued at approximately $3,161,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navalign LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Marathon Petroleum in the second quarter worth about $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $34,000. Institutional investors own 76.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MPC shares. TD Cowen increased their price target on Marathon Petroleum to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Jefferies Financial Group upped their price objective on Marathon Petroleum from $279.00 to $296.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Piper Sandler increased their target price on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $344.00 target price on shares of Marathon Petroleum in a report on Monday, June 15th. Finally, Scotiabank boosted their price target on shares of Marathon Petroleum from $174.00 to $210.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.94.

Marathon Petroleum Price Performance

MPC stock opened at $253.78 on Friday. The stock has a market cap of $74.09 billion, a PE ratio of 16.57, a P/E/G ratio of 0.39 and a beta of 0.52. Marathon Petroleum Corporation has a 12 month low of $158.00 and a 12 month high of $272.46. The company has a 50-day moving average price of $247.79 and a 200 day moving average price of $216.35. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The company had revenue of $34.20 billion for the quarter, compared to analyst estimates of $33.42 billion. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) EPS. Equities research analysts anticipate that Marathon Petroleum Corporation will post 31.35 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.