Marathon Petroleum Corporation $MPC Shares Sold by Leonteq Securities AG

Leonteq Securities AG reduced its stake in Marathon Petroleum Corporation (NYSE:MPC) by 70.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,629 shares of the oil and gas company’s stock after selling 3,944 shares during the period. Leonteq Securities AG’s holdings in Marathon Petroleum were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in Marathon Petroleum by 0.3% during the fourth quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after buying an additional 47,896 shares in the last quarter. Boston Partners lifted its position in shares of Marathon Petroleum by 2.3% during the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after acquiring an additional 141,691 shares during the last quarter. Norges Bank acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $472,312,000. Charles Schwab Investment Management Inc. lifted its stake in Marathon Petroleum by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,818,361 shares of the oil and gas company’s stock valued at $458,350,000 after buying an additional 11,693 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Marathon Petroleum by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,600,191 shares of the oil and gas company’s stock worth $422,869,000 after buying an additional 67,600 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analyst Upgrades and Downgrades

MPC has been the topic of a number of recent analyst reports. UBS Group set a $285.00 price target on shares of Marathon Petroleum in a report on Wednesday, May 6th. Piper Sandler increased their target price on Marathon Petroleum from $197.00 to $228.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. TD Cowen decreased their target price on Marathon Petroleum from $320.00 to $315.00 and set a “buy” rating for the company in a research report on Monday, June 29th. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $264.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Mizuho increased their price objective on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $272.62.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on 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 directly owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Marathon Petroleum Trading Up 0.1%

Shares of NYSE:MPC opened at $266.50 on Monday. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $272.46. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $77.80 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.39 and a beta of 0.52. The firm has a fifty day moving average of $252.10 and a two-hundred day moving average of $219.16.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts expect that Marathon Petroleum Corporation will post 32.96 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $1.00 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.5%. Marathon Petroleum’s dividend payout ratio is currently 26.11%.

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.