Raiffeisen Bank International AG Has $1.11 Million Stock Position in Marathon Petroleum Corporation (NYSE:MPC)

Key Points

• Raiffeisen Bank International AG significantly increased its stake in Marathon Petroleum Corporation, raising its holdings by 202.4% to a total value of $1.11 million.
• Marathon Petroleum recently announced a quarterly dividend of $0.91 per share, leading to an annualized payout of $3.64 and a yield of 2.2%.
• Analysts have mixed ratings for Marathon Petroleum, with one sell rating, nine holds, and eight buys, leading to a consensus rating of "Hold" and an average target price of $183.93.

Raiffeisen Bank International AG raised its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 202.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,702 shares of the oil and gas company's stock after buying an additional 5,155 shares during the quarter. Raiffeisen Bank International AG's holdings in Marathon Petroleum were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in Marathon Petroleum by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,982,348 shares of the oil and gas company's stock valued at $725,878,000 after buying an additional 178,397 shares during the last quarter. Demars Financial Group LLC grew its holdings in shares of Marathon Petroleum by 12.8% during the 1st quarter. Demars Financial Group LLC now owns 4,713,595 shares of the oil and gas company's stock worth $686,724,000 after purchasing an additional 536,462 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Marathon Petroleum by 11.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,399,977 shares of the oil and gas company's stock worth $613,624,000 after purchasing an additional 452,043 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Marathon Petroleum by 14.0% during the 4th quarter. Northern Trust Corp now owns 3,937,348 shares of the oil and gas company's stock worth $549,260,000 after purchasing an additional 484,438 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Marathon Petroleum by 2.7% during the 4th quarter. Invesco Ltd. now owns 3,400,826 shares of the oil and gas company's stock worth $474,415,000 after purchasing an additional 88,901 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.21% of the company's stock.

Marathon Petroleum Stock Up 1.7%

Shares of Marathon Petroleum stock opened at $168.30 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Marathon Petroleum Corporation has a 12 month low of $115.10 and a 12 month high of $183.10. The business has a fifty day simple moving average of $169.00 and a 200 day simple moving average of $153.40. The stock has a market cap of $51.70 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. 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 previous year, the firm earned $2.58 earnings per share. The company's revenue was down 4.1% on a year-over-year basis. Research analysts predict that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Marathon Petroleum's payout ratio is presently 51.20%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. UBS Group lifted their price objective on Marathon Petroleum from $175.00 to $203.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Mizuho raised their target price on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $200.00 target price (up from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Marathon Petroleum currently has a consensus rating of "Hold" and an average target price of $183.93.

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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