Quintet Private Bank Europe S.A. Has $119,000 Stock Holdings in Marathon Petroleum Co. (NYSE:MPC)

Quintet Private Bank Europe S.A. trimmed its position in Marathon Petroleum Co. (NYSE:MPCFree Report) by 54.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the oil and gas company’s stock after selling 962 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Marathon Petroleum were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Marino Stram & Associates LLC raised its position in shares of Marathon Petroleum by 0.5% in the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company’s stock valued at $1,695,000 after acquiring an additional 60 shares during the period. SteelPeak Wealth LLC raised its position in shares of Marathon Petroleum by 0.3% in the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company’s stock valued at $3,028,000 after acquiring an additional 67 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of Marathon Petroleum by 4.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 67 shares during the period. Mission Wealth Management LP raised its position in shares of Marathon Petroleum by 0.8% in the 4th quarter. Mission Wealth Management LP now owns 8,756 shares of the oil and gas company’s stock valued at $1,299,000 after acquiring an additional 67 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its position in shares of Marathon Petroleum by 1.9% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 4,102 shares of the oil and gas company’s stock valued at $609,000 after acquiring an additional 75 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MPC. The Goldman Sachs Group increased their target price on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Tudor Pickering raised Marathon Petroleum to a “strong-buy” rating in a research note on Thursday, May 30th. StockNews.com cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank increased their target price on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $192.23.

View Our Latest Analysis on MPC

Marathon Petroleum Stock Down 0.3 %

Shares of NYSE MPC traded down $0.44 during trading hours on Friday, hitting $170.07. The company had a trading volume of 2,933,965 shares, compared to its average volume of 2,418,018. The stock has a market capitalization of $59.92 billion, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Marathon Petroleum Co. has a 1-year low of $108.88 and a 1-year high of $221.11. The firm’s 50 day moving average is $185.37 and its 200-day moving average is $173.88.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.53 by $0.25. The company had revenue of $32.71 billion during the quarter, compared to the consensus estimate of $32.07 billion. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.09 EPS. On average, analysts expect that Marathon Petroleum Co. will post 19.3 earnings per share for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 30th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the oil and gas company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 16th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, May 15th. Marathon Petroleum’s payout ratio is presently 16.48%.

About Marathon Petroleum

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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