Amundi Purchases 428,708 Shares of Marathon Petroleum Co. (NYSE:MPC)

Amundi grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,807,566 shares of the oil and gas company's stock after acquiring an additional 428,708 shares during the quarter. Amundi owned about 0.87% of Marathon Petroleum worth $398,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MPC. Gladius Capital Management LP bought a new stake in Marathon Petroleum in the 3rd quarter worth approximately $26,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of Marathon Petroleum by 88.9% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Marathon Petroleum by 672.7% during the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Marathon Petroleum in the 3rd quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Trading Up 2.0 %

MPC stock traded up $2.67 during trading on Wednesday, reaching $137.39. The company had a trading volume of 2,425,854 shares, compared to its average volume of 2,515,651. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11. The business has a 50 day moving average of $148.53 and a 200 day moving average of $153.62. The company has a market cap of $42.94 billion, a P/E ratio of 13.84, a PEG ratio of 3.11 and a beta of 1.39.

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Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same quarter in the prior year, the company earned $3.98 EPS. The business's revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a $0.91 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 2.65%. Marathon Petroleum's payout ratio is 36.66%.

Analysts Set New Price Targets

MPC has been the topic of a number of recent research reports. Raymond James raised their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a research note on Friday, January 17th. TD Cowen restated a "buy" rating and set a $170.00 price target on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Finally, Piper Sandler lowered their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.00.

Insider Buying and Selling

In related news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now owns 69,305 shares of the company's stock, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Marathon Petroleum 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.