Czech National Bank Increases Stock Holdings in Marathon Petroleum Corporation $MPC

Czech National Bank boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 79,265 shares of the oil and gas company’s stock after buying an additional 2,050 shares during the period. Czech National Bank’s holdings in Marathon Petroleum were worth $12,891,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Delos Wealth Advisors LLC purchased a new position in Marathon Petroleum during the second quarter worth $25,000. WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum in the second quarter valued at $33,000. Transce3nd LLC lifted its holdings in shares of Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares during the last quarter. Rialto Wealth Management LLC lifted its holdings in shares of Marathon Petroleum by 721.4% in the 4th quarter. Rialto Wealth Management LLC now owns 230 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 202 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter worth about $38,000. 76.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MPC has been the topic of several analyst reports. Mizuho upped their price target on shares of Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Wells Fargo & Company boosted their target price on Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. UBS Group reaffirmed a “buy” rating and set a $221.00 target price on shares of Marathon Petroleum in a research note on Friday, February 6th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. decreased their price target on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average price target of $209.19.

Marathon Petroleum Trading Up 2.9%

MPC stock opened at $248.14 on Friday. The company has a market capitalization of $73.08 billion, a PE ratio of 18.59, a P/E/G ratio of 0.54 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $249.76. The firm’s 50-day moving average is $204.15 and its 200 day moving average is $191.79.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, research analysts anticipate that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.6%. Marathon Petroleum’s dividend payout ratio is 29.96%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares in the company, valued at $2,290,058.64. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 4,473 shares of company stock worth $1,015,428. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Company 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.