Lbp Am Sa Raises Stake in Marathon Petroleum Co. (NYSE:MPC)

Lbp Am Sa boosted its holdings in Marathon Petroleum Co. (NYSE:MPC) by 605.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 50,981 shares of the oil and gas company’s stock after buying an additional 43,755 shares during the period. Lbp Am Sa’s holdings in Marathon Petroleum were worth $7,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. HBK Sorce Advisory LLC raised its stake in shares of Marathon Petroleum by 12.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,526 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 384 shares during the period. Vestcor Inc boosted its position in Marathon Petroleum by 59.7% during the 4th quarter. Vestcor Inc now owns 32,262 shares of the oil and gas company’s stock worth $4,501,000 after purchasing an additional 12,063 shares during the period. Essential Planning LLC. acquired a new stake in Marathon Petroleum in the 4th quarter valued at $2,483,000. EverSource Wealth Advisors LLC raised its position in Marathon Petroleum by 7.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,798 shares of the oil and gas company’s stock valued at $1,088,000 after purchasing an additional 545 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Marathon Petroleum by 7.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,554 shares of the oil and gas company’s stock worth $2,309,000 after buying an additional 1,193 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 3.1 %

Shares of NYSE:MPC opened at $141.23 on Friday. The company’s fifty day moving average is $148.36 and its two-hundred day moving average is $153.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 1-year low of $130.54 and a 1-year high of $221.11. The stock has a market capitalization of $44.15 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The firm had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the prior year, the business earned $3.98 earnings per share. Marathon Petroleum’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.58%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the acquisition, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPC. Barclays raised their target price on Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler dropped their price objective on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company upped their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Tudor Pickering upgraded shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Mizuho dropped their target price on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Marathon Petroleum Company 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.