Czech National Bank Purchases 2,896 Shares of Marathon Petroleum Co. (NYSE:MPC)

Czech National Bank increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,580 shares of the oil and gas company's stock after acquiring an additional 2,896 shares during the quarter. Czech National Bank's holdings in Marathon Petroleum were worth $10,574,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MPC. Wellington Management Group LLP lifted its stake in shares of Marathon Petroleum by 78.1% during the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock valued at $1,389,630,000 after acquiring an additional 4,367,774 shares during the period. Demars Financial Group LLC lifted its stake in shares of Marathon Petroleum by 16,338.3% during the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after acquiring an additional 4,151,722 shares during the period. Norges Bank acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at $453,427,000. GAMMA Investing LLC lifted its stake in shares of Marathon Petroleum by 14,969.1% during the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock valued at $224,503,000 after acquiring an additional 1,530,737 shares during the period. Finally, Boston Partners increased its holdings in Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MPC shares. Scotiabank dropped their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley dropped their price objective on Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Wells Fargo & Company increased their price target on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, TD Cowen increased their price target on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.29.

Marathon Petroleum Stock Up 0.6%

Shares of MPC stock traded up $1.02 on Thursday, hitting $157.97. 1,532,583 shares of the stock were exchanged, compared to its average volume of 2,703,543. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $48.53 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87. The business has a 50-day moving average of $143.59 and a 200 day moving average of $146.24. Marathon Petroleum Co. has a fifty-two week low of $115.10 and a fifty-two week high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a $0.91 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.30%. Marathon Petroleum's payout ratio is 51.20%.

Insider Activity

In other news, insider Ricky D. Hessling bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

Marathon Petroleum Profile

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.