Czech National Bank Raises Stake in Marathon Petroleum Corporation $MPC

Czech National Bank grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,096 shares of the oil and gas company’s stock after purchasing an additional 2,754 shares during the quarter. Czech National Bank’s holdings in Marathon Petroleum were worth $21,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPC. Navalign LLC bought a new position in Marathon Petroleum in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the 4th quarter worth approximately $31,000. Berbice Capital Management LLC lifted its holdings in Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. WFA of San Diego LLC bought a new position in Marathon Petroleum in the 2nd quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in Marathon Petroleum during the 4th quarter valued at approximately $34,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Raymond James Financial upped their target price on shares of Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. TD Cowen lifted their target price on Marathon Petroleum from $357.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $311.25.

Insider Activity

In other news, VP Michael A. Henschen II sold 6,336 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $297.49 on Friday. Marathon Petroleum Corporation has a 52 week low of $158.00 and a 52 week high of $326.92. The stock has a market capitalization of $86.85 billion, a P/E ratio of 10.23, a PEG ratio of 0.20 and a beta of 0.52. The firm has a fifty day simple moving average of $279.39 and a two-hundred day simple moving average of $241.82. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 1.19.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business’s revenue was up 53.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.96 EPS. On average, analysts expect that Marathon Petroleum Corporation will post 44.54 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

About Marathon Petroleum

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.