Marathon Petroleum Co. (NYSE:MPC) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Marathon Petroleum Co. (NYSE:MPC) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,696 shares of the oil and gas company’s stock after purchasing an additional 28,076 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Marathon Petroleum worth $43,276,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its position in Marathon Petroleum by 19.4% during the first quarter. Acadian Asset Management LLC now owns 5,603 shares of the oil and gas company’s stock worth $479,000 after acquiring an additional 910 shares during the last quarter. Cibc World Market Inc. acquired a new position in Marathon Petroleum during the first quarter worth about $282,000. Vontobel Holding Ltd. boosted its position in Marathon Petroleum by 1.6% during the first quarter. Vontobel Holding Ltd. now owns 18,559 shares of the oil and gas company’s stock worth $1,584,000 after acquiring an additional 293 shares during the last quarter. Sei Investments Co. boosted its position in Marathon Petroleum by 25.1% during the first quarter. Sei Investments Co. now owns 90,916 shares of the oil and gas company’s stock worth $7,800,000 after acquiring an additional 18,230 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in Marathon Petroleum by 11.0% during the first quarter. Moors & Cabot Inc. now owns 9,438 shares of the oil and gas company’s stock worth $807,000 after acquiring an additional 937 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Marathon Petroleum Price Performance

Shares of MPC opened at $203.88 on Wednesday. Marathon Petroleum Co. has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The firm’s 50 day moving average price is $187.80 and its 200 day moving average price is $164.11. The company has a market cap of $73.46 billion, a P/E ratio of 8.66, a PEG ratio of 1.97 and a beta of 1.52. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm had revenue of $36.26 billion for the quarter, compared to the consensus estimate of $34.90 billion. During the same period in the prior year, the firm earned $6.65 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Co. will post 17.53 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 14.02%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen lifted their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Scotiabank lifted their target price on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. StockNews.com raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Mizuho lifted their target price on shares of Marathon Petroleum from $201.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $193.77.

Marathon Petroleum 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.