Banque Cantonale Vaudoise Purchases 3,132 Shares of Marathon Petroleum Corporation $MPC

Banque Cantonale Vaudoise grew its position in Marathon Petroleum Corporation (NYSE:MPC) by 188.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,795 shares of the oil and gas company’s stock after buying an additional 3,132 shares during the period. Banque Cantonale Vaudoise’s holdings in Marathon Petroleum were worth $1,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its holdings in shares of Marathon Petroleum by 2.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,050 shares of the oil and gas company’s stock worth $333,000 after purchasing an additional 51 shares in the last quarter. IFG Advisory LLC lifted its holdings in shares of Marathon Petroleum by 1.5% during the fourth quarter. IFG Advisory LLC now owns 3,429 shares of the oil and gas company’s stock valued at $558,000 after purchasing an additional 51 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in shares of Marathon Petroleum by 1.2% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 4,357 shares of the oil and gas company’s stock valued at $709,000 after buying an additional 52 shares during the last quarter. Auxano Advisors LLC increased its holdings in Marathon Petroleum by 2.1% in the 4th quarter. Auxano Advisors LLC now owns 2,630 shares of the oil and gas company’s stock worth $428,000 after buying an additional 55 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its holdings in Marathon Petroleum by 33.3% in the 1st quarter. Vermillion Wealth Management Inc. now owns 224 shares of the oil and gas company’s stock worth $55,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MPC shares. Bank of America upped their target price on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. The Goldman Sachs Group lifted their price target on shares of Marathon Petroleum from $264.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. TD Cowen raised their target price on shares of Marathon Petroleum to $320.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $344.00 target price on shares of Marathon Petroleum in a research report on Monday, June 15th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold 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 target price of $272.94.

Marathon Petroleum Trading Up 0.1%

Shares of NYSE:MPC opened at $253.78 on Friday. The stock has a market capitalization of $74.09 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.39 and a beta of 0.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.73 and a current ratio of 1.18. The stock’s 50-day simple moving average is $247.79 and its two-hundred day simple moving average is $216.35. Marathon Petroleum Corporation has a 52-week low of $158.00 and a 52-week high of $272.46.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The firm had revenue of $34.20 billion during the quarter, compared to analyst estimates of $33.42 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corporation will post 31.35 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s payout ratio is 26.11%.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This trade represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Marathon Petroleum Company 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.