Oddo BHF Asset Management Sas Takes $5.23 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Oddo BHF Asset Management Sas bought a new position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,080 shares of the oil and gas company's stock, valued at approximately $5,226,000.

A number of other institutional investors have also added to or reduced their stakes in the business. AdvisorNet Financial Inc boosted its holdings in shares of Marathon Petroleum by 30.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 740 shares of the oil and gas company's stock worth $128,000 after purchasing an additional 172 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Marathon Petroleum in the 2nd quarter worth approximately $111,000. Blue Trust Inc. lifted its position in Marathon Petroleum by 98.8% in the second quarter. Blue Trust Inc. now owns 3,533 shares of the oil and gas company's stock valued at $613,000 after purchasing an additional 1,756 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Marathon Petroleum by 33.5% in the second quarter. Brookstone Capital Management now owns 28,236 shares of the oil and gas company's stock worth $4,675,000 after purchasing an additional 7,086 shares during the last quarter. Finally, Gradient Investments LLC increased its position in shares of Marathon Petroleum by 2.1% in the second quarter. Gradient Investments LLC now owns 4,262 shares of the oil and gas company's stock valued at $739,000 after acquiring an additional 87 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marathon Petroleum news, Director Jeffrey C. Campbell acquired 6,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $149.61 per share, with a total value of $897,660.00. Following the purchase, the director now owns 6,090 shares in the company, valued at approximately $911,124.90. The trade was a 6,666.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Marathon Petroleum Price Performance

Marathon Petroleum stock traded down $0.72 during trading on Friday, reaching $145.56. The company had a trading volume of 2,009,367 shares, compared to its average volume of 2,615,508. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The firm's 50-day simple moving average is $155.63 and its 200 day simple moving average is $165.28. The firm has a market capitalization of $46.78 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.67 and a beta of 1.39. Marathon Petroleum Co. has a 1-year low of $142.84 and a 1-year high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.90. Marathon Petroleum had a net margin of 3.15% and a return on equity of 16.19%. The business had revenue of $35.37 billion during the quarter, compared to analysts' expectations of $34.34 billion. During the same quarter in the previous year, the company earned $8.14 earnings per share. The company's quarterly revenue was down 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 9.5 earnings per share for the current fiscal year.

Marathon Petroleum declared that its board has authorized a share buyback program on Tuesday, November 5th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were paid a $0.91 dividend. The ex-dividend date was Wednesday, November 20th. This is a positive change from Marathon Petroleum's previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.50%. Marathon Petroleum's payout ratio is currently 28.84%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MPC shares. Mizuho cut their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Scotiabank decreased their price target on shares of Marathon Petroleum from $191.00 to $170.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Morgan Stanley decreased their target price on Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Citigroup dropped their price target on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Marathon Petroleum from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.27.

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.