Marathon Petroleum Corporation (NYSE:MPC) Stock Position Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 19.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,347 shares of the oil and gas company's stock after selling 3,152 shares during the period. Vontobel Holding Ltd.'s holdings in Marathon Petroleum were worth $1,945,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its position in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. GHE LLC lifted its stake in shares of Marathon Petroleum by 1.8% in the 4th quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after acquiring an additional 665 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $133,000. M&T Bank Corp lifted its stake in shares of Marathon Petroleum by 4.4% in the 4th quarter. M&T Bank Corp now owns 34,809 shares of the oil and gas company's stock worth $4,855,000 after acquiring an additional 1,460 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $234,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $172.01 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company's fifty day moving average is $159.64 and its 200-day moving average is $148.32. The firm has a market cap of $52.84 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 3.46 and a beta of 0.88. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 EPS. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MPC shares. Evercore ISI initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price target for the company. Scotiabank cut their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho increased their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.13.

About Marathon Petroleum

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.

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