Czech National Bank Boosts Stake in Marathon Petroleum Co. (NYSE:MPC)

Czech National Bank raised its holdings in Marathon Petroleum Co. (NYSE:MPC) by 1.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,178 shares of the oil and gas company’s stock after purchasing an additional 1,038 shares during the quarter. Czech National Bank’s holdings in Marathon Petroleum were worth $11,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NBC Securities Inc. raised its position in Marathon Petroleum by 0.9% in the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after purchasing an additional 55 shares during the period. Guidance Capital Inc. grew its stake in shares of Marathon Petroleum by 1.1% in the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after buying an additional 57 shares in the last quarter. WR Wealth Planners LLC grew its stake in shares of Marathon Petroleum by 15.2% in the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Marathon Petroleum by 27.3% in the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 59 shares in the last quarter. Finally, First Financial Corp IN grew its stake in shares of Marathon Petroleum by 2.5% in the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of Marathon Petroleum stock traded down $2.86 on Friday, hitting $171.98. The stock had a trading volume of 2,241,691 shares, compared to its average volume of 2,697,056. Marathon Petroleum Co. has a 52-week low of $139.93 and a 52-week high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86. The stock has a market cap of $60.59 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 2.59 and a beta of 1.37. The company’s 50 day moving average price is $169.69 and its 200 day moving average price is $178.52.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the previous year, the business earned $5.32 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Marathon Petroleum Co. will post 10.56 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.92%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. BMO Capital Markets lowered their target price on Marathon Petroleum from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley lowered their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a “buy” rating to a “sell” rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.14.

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.