Raiffeisen Bank International AG Sells 385 Shares of Marathon Petroleum Corporation $MPC

Raiffeisen Bank International AG trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,317 shares of the oil and gas company’s stock after selling 385 shares during the quarter. Raiffeisen Bank International AG’s holdings in Marathon Petroleum were worth $1,212,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MPC. Activest Wealth Management grew its holdings in shares of Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. WPG Advisers LLC bought a new position in Marathon Petroleum in the 1st quarter valued at approximately $32,000. NewSquare Capital LLC increased its holdings in shares of Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Stone House Investment Management LLC raised its stake in shares of Marathon Petroleum by 46.1% in the second quarter. Stone House Investment Management LLC now owns 225 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 71 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at $42,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $199.44 on Wednesday. The firm’s 50 day moving average price is $190.28 and its 200-day moving average price is $175.35. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $59.95 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 3.74 and a beta of 0.90. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $202.29.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. The business had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Equities research analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s payout ratio is 38.81%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPC. Wells Fargo & Company reduced their price objective on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Scotiabank reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Marathon Petroleum from $183.00 to $211.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a research report on Wednesday, October 8th. Finally, Dbs Bank upgraded shares of Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $202.14.

About Marathon Petroleum

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.