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Vontobel Holding Ltd. Lowers Holdings in Marathon Petroleum Corporation $MPC

Marathon Petroleum logo with Energy background

Vontobel Holding Ltd. lowered its position in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 36.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,482 shares of the oil and gas company's stock after selling 4,865 shares during the quarter. Vontobel Holding Ltd.'s holdings in Marathon Petroleum were worth $1,409,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MPC. Baker Tilly Wealth Management LLC boosted its holdings in Marathon Petroleum by 2.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company's stock worth $370,000 after acquiring an additional 60 shares during the period. CHICAGO TRUST Co NA increased its position in Marathon Petroleum by 3.9% in the second quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company's stock worth $280,000 after buying an additional 63 shares during the period. Sunpointe LLC increased its position in Marathon Petroleum by 4.1% in the second quarter. Sunpointe LLC now owns 1,750 shares of the oil and gas company's stock worth $291,000 after buying an additional 69 shares during the period. Beverly Hills Private Wealth LLC increased its position in Marathon Petroleum by 1.3% in the first quarter. Beverly Hills Private Wealth LLC now owns 6,739 shares of the oil and gas company's stock worth $982,000 after buying an additional 84 shares during the period. Finally, Valmark Advisers Inc. increased its position in Marathon Petroleum by 2.3% in the first quarter. Valmark Advisers Inc. now owns 3,801 shares of the oil and gas company's stock worth $554,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Performance

MPC opened at $181.08 on Friday. The stock's 50 day simple moving average is $178.73 and its 200-day simple moving average is $163.60. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The stock has a market cap of $55.05 billion, a PE ratio of 26.87, a P/E/G ratio of 3.04 and a beta of 0.90. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $201.61.

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

Marathon Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MPC. BMO Capital Markets raised their price target on Marathon Petroleum from $195.00 to $208.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Citigroup raised their target price on Marathon Petroleum from $144.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. TD Cowen decreased their target price on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Bank of America raised their target price on Marathon Petroleum from $184.00 to $192.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, UBS Group increased their price target on Marathon Petroleum from $203.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and an average price target of $198.92.

Read Our Latest Report on MPC

Insider Activity

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares in the company, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company's stock.

Marathon Petroleum Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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