Union Bancaire Privee UBP SA Acquires New Holdings in Marathon Petroleum Co. (NYSE:MPC)

Union Bancaire Privee UBP SA acquired a new position in Marathon Petroleum Co. (NYSE:MPC) in the first quarter, Holdings Channel reports. The fund acquired 972 shares of the oil and gas company’s stock, valued at approximately $132,000.

A number of other large investors also recently bought and sold shares of MPC. Brighton Jones LLC raised its stake in Marathon Petroleum by 30.9% in the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares in the last quarter. Avestar Capital LLC raised its stake in Marathon Petroleum by 5.2% in the fourth quarter. Avestar Capital LLC now owns 2,828 shares of the oil and gas company’s stock worth $395,000 after buying an additional 139 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Marathon Petroleum by 52.2% in the fourth quarter. Vontobel Holding Ltd. now owns 16,499 shares of the oil and gas company’s stock worth $2,302,000 after buying an additional 5,661 shares in the last quarter. DT Investment Partners LLC raised its stake in Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company’s stock worth $55,000 after buying an additional 70 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Marathon Petroleum by 6.0% in the fourth quarter. V Square Quantitative Management LLC now owns 5,521 shares of the oil and gas company’s stock worth $770,000 after buying an additional 313 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $165.99 on Friday. The firm has a market capitalization of $50.99 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 1-year low of $115.10 and a 1-year high of $183.31. The company’s fifty day moving average price is $147.49 and its 200-day moving average price is $146.44.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum’s payout ratio is 51.20%.

Analyst Ratings Changes

A number of equities analysts recently commented on MPC shares. Mizuho boosted their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Barclays upped their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Morgan Stanley reduced their price target on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Scotiabank reduced their price target on Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on Marathon Petroleum from $180.00 to $182.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Petroleum has a consensus rating of “Moderate Buy” and an average price target of $176.21.

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.