Czech National Bank Grows Holdings in Marathon Petroleum Corporation $MPC

Czech National Bank raised its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MPC. State Street Corp increased its stake in Marathon Petroleum by 0.3% in the 4th 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 during the period. Boston Partners increased its position in shares of Marathon Petroleum by 2.3% during the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after acquiring an additional 141,691 shares during the period. Norges Bank purchased a new position in Marathon Petroleum during the 4th quarter worth $472,312,000. Charles Schwab Investment Management Inc. raised its position in Marathon Petroleum by 0.4% during the 4th 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 purchasing an additional 11,693 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Marathon Petroleum by 2.7% in the 4th 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. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

Marathon Petroleum Trading Down 0.6%

Shares of NYSE MPC opened at $297.49 on Friday. Marathon Petroleum Corporation has a 1-year low of $158.00 and a 1-year high of $326.92. The business has a fifty day moving average price of $279.39 and a 200 day moving average price of $241.82. The stock has a market capitalization of $86.85 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPC) last posted 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 company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.96 earnings per share. Equities research analysts expect that Marathon Petroleum Corporation will post 44.54 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is 13.75%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. Finally, Evercore set a $330.00 price target on shares of Marathon Petroleum in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Marathon Petroleum currently has an average rating of “Moderate Buy” and an average target price of $311.25.

Marathon Petroleum Company Profile

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.