Czech National Bank Boosts Stock Holdings in Marathon Petroleum Corporation $MPC

Key Points

• The Czech National Bank increased its stake in Marathon Petroleum Corporation by 3.5% in the 2nd quarter, holding shares valued at $12.47 million after acquiring additional shares during that period.
• Marathon Petroleum's stock received a mix of ratings from analysts, with eight analysts giving it a "Buy" rating and eight issuing a "Hold" rating; the consensus target price is $189.64.
• Marathon Petroleum recently declared a quarterly dividend of $0.91 per share, equivalent to an annualized dividend of $3.64 and a yield of 2.0%.

Czech National Bank boosted its stake in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,094 shares of the oil and gas company's stock after purchasing an additional 2,514 shares during the period. Czech National Bank's holdings in Marathon Petroleum were worth $12,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MPC. MassMutual Private Wealth & Trust FSB lifted its position in shares of Marathon Petroleum by 21.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,474 shares of the oil and gas company's stock valued at $245,000 after buying an additional 264 shares in the last quarter. Everpar Advisors LLC lifted its holdings in Marathon Petroleum by 18.9% during the second quarter. Everpar Advisors LLC now owns 2,175 shares of the oil and gas company's stock valued at $361,000 after purchasing an additional 345 shares in the last quarter. Livelsberger Financial Advisory purchased a new position in Marathon Petroleum during the second quarter valued at approximately $87,000. Parallel Advisors LLC lifted its holdings in Marathon Petroleum by 12.1% during the second quarter. Parallel Advisors LLC now owns 8,470 shares of the oil and gas company's stock valued at $1,407,000 after purchasing an additional 914 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its stake in shares of Marathon Petroleum by 7.2% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 2,685 shares of the oil and gas company's stock valued at $456,000 after buying an additional 180 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MPC. Dbs Bank upgraded Marathon Petroleum to a "moderate buy" rating in a research report on Monday, July 28th. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Wolfe Research cut Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Mizuho boosted their target price on shares of Marathon Petroleum from $184.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Citigroup boosted their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Marathon Petroleum presently has an average rating of "Moderate Buy" and a consensus price target of $189.64.

Insider Activity

In related news, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the transaction, the insider owned 28,700 shares of the company's stock, valued at $4,678,100. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded up $0.50 during mid-day trading on Thursday, reaching $185.18. 1,570,608 shares of the company's stock traded hands, compared to its average volume of 1,752,651. The company has a market cap of $56.30 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.41 and a beta of 0.97. The stock has a 50 day moving average of $173.10 and a two-hundred day moving average of $158.11. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $186.28.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.74. The firm had revenue of $34.10 billion for the quarter, compared to analysts' expectations of $31.70 billion. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The business's revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 EPS. Equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 2.0%. Marathon Petroleum's dividend payout ratio (DPR) is presently 54.01%.

Marathon Petroleum Company 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.