Zurcher Kantonalbank Zurich Cantonalbank Buys 28,076 Shares of Marathon Petroleum Co. (NYSE:MPC)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,696 shares of the oil and gas company's stock after purchasing an additional 28,076 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Marathon Petroleum worth $43,276,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Marino Stram & Associates LLC lifted its position in shares of Marathon Petroleum by 0.5% during the 4th quarter. Marino Stram & Associates LLC now owns 11,424 shares of the oil and gas company's stock valued at $1,695,000 after buying an additional 60 shares in the last quarter. SteelPeak Wealth LLC lifted its position in shares of Marathon Petroleum by 0.3% during the 4th quarter. SteelPeak Wealth LLC now owns 20,408 shares of the oil and gas company's stock valued at $3,028,000 after buying an additional 67 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Marathon Petroleum by 4.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 1,559 shares of the oil and gas company's stock valued at $231,000 after buying an additional 67 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Marathon Petroleum by 7.2% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,060 shares of the oil and gas company's stock valued at $160,000 after buying an additional 71 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its position in shares of Marathon Petroleum by 1.6% during the 3rd quarter. Empower Advisory Group LLC now owns 4,465 shares of the oil and gas company's stock valued at $676,000 after buying an additional 72 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPC. Piper Sandler increased their target price on Marathon Petroleum from $159.00 to $204.00 and gave the company a "neutral" rating in a research report on Friday, April 5th. Bank of America raised their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, March 15th. Citigroup assumed coverage on Marathon Petroleum in a report on Wednesday, January 24th. They issued a "neutral" rating on the stock. Barclays raised their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the company an "overweight" rating in a report on Friday, April 5th. Finally, Raymond James raised their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the company a "strong-buy" rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $193.77.

Marathon Petroleum Trading Down 0.7 %

Shares of MPC traded down $1.44 during midday trading on Wednesday, reaching $202.42. The company had a trading volume of 1,816,512 shares, compared to its average volume of 2,851,305. Marathon Petroleum Co. has a 1-year low of $104.32 and a 1-year high of $221.11. The stock has a market cap of $72.94 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52. The firm has a 50 day simple moving average of $188.46 and a 200-day simple moving average of $164.38. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company's revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the company earned $6.65 EPS. Research analysts forecast that Marathon Petroleum Co. will post 17.53 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum's payout ratio is 14.02%.

Insider Buying and Selling

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares of the company's stock, valued at approximately $3,994,026.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company's stock.

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.