Banque Cantonale Vaudoise Purchases 6,625 Shares of Marathon Petroleum Corporation $MPC

Banque Cantonale Vaudoise boosted its position in Marathon Petroleum Corporation (NYSE:MPCFree Report) by 308.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,773 shares of the oil and gas company’s stock after buying an additional 6,625 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Marathon Petroleum were worth $1,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPC. Vanguard Group Inc. increased its stake in shares of Marathon Petroleum by 11.2% in the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Norges Bank acquired a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $527,197,000. Geode Capital Management LLC grew its holdings in Marathon Petroleum by 14.8% in the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after buying an additional 1,033,645 shares during the last quarter. Boston Partners increased its position in Marathon Petroleum by 13.1% in the 2nd quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after buying an additional 715,223 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Marathon Petroleum by 27,979.8% during the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after buying an additional 657,246 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

More Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $226.72 on Thursday. The business’s fifty day moving average is $190.54 and its two-hundred day moving average is $187.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. The firm has a market cap of $66.82 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.28 and a beta of 0.69. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $228.55.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. Marathon Petroleum’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. Equities research analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders 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 1.8%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank reissued an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a report on Friday, January 16th. Jefferies Financial Group cut their price objective on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Raymond James Financial boosted their price target on Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Mizuho upped their price target on Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.50.

Check Out Our Latest Report on Marathon Petroleum

About Marathon Petroleum

(Free Report)

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.

See Also

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

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