2,637 Marathon Petroleum Corporation $MPC Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 23.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,025 shares of the oil and gas company’s stock after buying an additional 2,637 shares during the period. Vontobel Holding Ltd.’s holdings in Marathon Petroleum were worth $5,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Solstein Capital LLC acquired a new stake in Marathon Petroleum in the 2nd quarter valued at $26,000. Caitlin John LLC purchased a new position in Marathon Petroleum in the second quarter valued at about $26,000. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum during the second quarter worth about $27,000. Cetera Trust Company N.A acquired a new position in shares of Marathon Petroleum during the second quarter worth about $35,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth about $36,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Wells Fargo issued a Buy rating on MPC, adding to the positive analyst sentiment surrounding the refiner. Wells Fargo Issues a Buy Rating on Marathon Petroleum
• Positive Sentiment: Analysts raised their estimated fair value for Marathon Petroleum to approximately $433.44 from $375.50, citing improved refining assumptions and stronger anticipated margins and crack spreads. Marathon Petroleum Stock Gets Fair Value Boost
• Positive Sentiment: Citigroup projected significant potential appreciation for MPC, while a separate report noted the stock reached a new 12-month high following an analyst upgrade. These developments reinforce the bullish view on refining profitability. Citigroup Forecasts Strong Price Appreciation Marathon Petroleum Sets New 12-Month High
• Positive Sentiment: Coverage describes MPC as a potential hedge against diesel-related weakness, with its scale and refining exposure benefiting if industry margins remain firm. Marathon Petroleum: A Solid Hedge Vs. Diesel’s Damage
• Neutral Sentiment: Although MPC and Delek US reported stronger earnings as refining margins improved, analysts favored Delek because of its lower valuation and stronger earnings-estimate revisions. Marathon vs. Delek US
• Negative Sentiment: The stock’s decline while the market advanced highlights near-term relative weakness. Investors may also be questioning whether MPC’s large multiyear gain and current valuation already reflect much of the expected cash-flow and refining-margin improvement. Marathon Petroleum Stock Declines While Market Improves

Insider Transactions at Marathon Petroleum

In related news, VP Erin M. Brzezinski sold 570 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $362.79, for a total value of $206,790.30. Following the transaction, the vice president owned 1,576 shares in the company, valued at approximately $571,757.04. The trade was a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the completion of the transaction, the senior vice president directly owned 11,194 shares of the company’s stock, valued at $4,206,145.50. This represents a 8.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their target price on Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Mizuho raised their target price on Marathon Petroleum from $304.00 to $457.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Bank of America boosted their price target on Marathon Petroleum from $410.00 to $426.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Finally, Weiss Ratings upgraded Marathon Petroleum from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $417.88.

Marathon Petroleum Stock Performance

Marathon Petroleum stock opened at $478.38 on Friday. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $485.22. The company has a market capitalization of $139.66 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.14 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The firm’s fifty day moving average price is $397.65 and its 200 day moving average price is $308.94.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The firm’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.96 EPS. On average, research analysts forecast that Marathon Petroleum Corporation will post 62.78 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.8%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 13.75%.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE:MPC) is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum’s refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.