swisspartners Advisors Ltd Grows Position in Marathon Petroleum Corporation (NYSE:MPC)

swisspartners Advisors Ltd raised its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,005 shares of the oil and gas company's stock after acquiring an additional 1,940 shares during the period. Marathon Petroleum makes up approximately 3.3% of swisspartners Advisors Ltd's holdings, making the stock its 13th biggest holding. swisspartners Advisors Ltd's holdings in Marathon Petroleum were worth $3,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in Marathon Petroleum during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth about $27,000. Cape Investment Advisory Inc. raised its position in shares of Marathon Petroleum by 762.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock valued at $42,000 after buying an additional 267 shares in the last quarter. OFI Invest Asset Management purchased a new position in Marathon Petroleum in the fourth quarter worth about $44,000. Finally, Capital A Wealth Management LLC purchased a new position in Marathon Petroleum in the fourth quarter worth about $52,000. 76.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MPC shares. Mizuho raised their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Piper Sandler lowered their price target on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley cut their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. 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, Raymond James Financial dropped their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. One equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $175.80.

Marathon Petroleum Trading Up 1.1%

Shares of NYSE MPC opened at $167.56 on Friday. Marathon Petroleum Corporation has a twelve month low of $115.10 and a twelve month high of $183.31. The firm has a market cap of $51.48 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 3.27 and a beta of 0.89. The business has a fifty day simple moving average of $155.11 and a two-hundred day simple moving average of $147.28. 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 (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $28.91 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The firm's quarterly revenue was down 4.1% on a year-over-year basis. Analysts expect that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. Marathon Petroleum's dividend payout ratio is presently 51.20%.

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.

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