Raiffeisen Bank International AG Has $1.99 Million Stock Position in Marathon Petroleum Corporation $MPC

Raiffeisen Bank International AG increased its position in Marathon Petroleum Corporation (NYSE:MPC) by 38.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,137 shares of the oil and gas company’s stock after buying an additional 2,820 shares during the period. Raiffeisen Bank International AG’s holdings in Marathon Petroleum were worth $1,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Associated Banc Corp grew its stake in Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 52 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Marathon Petroleum by 2.6% in the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 59 shares in the last quarter. FSM Wealth Advisors LLC grew its position in Marathon Petroleum by 1.6% in the 3rd quarter. FSM Wealth Advisors LLC now owns 3,944 shares of the oil and gas company’s stock valued at $760,000 after purchasing an additional 63 shares during the period. Warwick Investment Management Inc. grew its position in Marathon Petroleum by 4.6% in the 3rd quarter. Warwick Investment Management Inc. now owns 1,436 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 63 shares during the period. Finally, Simmons Bank increased its stake in Marathon Petroleum by 1.3% during the 3rd quarter. Simmons Bank now owns 5,105 shares of the oil and gas company’s stock valued at $984,000 after purchasing an additional 65 shares in the last quarter. 76.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MPC shares. Raymond James Financial lifted their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Jefferies Financial Group dropped their price target on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. TD Cowen lifted their price target on Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. UBS Group reissued a “buy” rating and issued a $221.00 price objective on shares of Marathon Petroleum in a research note on Friday, February 6th. Finally, Citigroup raised their target price on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.19.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $196.77 on Friday. Marathon Petroleum Corporation has a 52 week low of $115.10 and a 52 week high of $210.32. The company’s 50 day moving average price is $179.89 and its two-hundred day moving average price is $183.25. The stock has a market cap of $59.15 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.Marathon Petroleum’s revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. On average, equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 18th. Marathon Petroleum’s payout ratio is presently 29.96%.

Marathon Petroleum Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.