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

LBP AM SA raised its stake in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 605.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,981 shares of the oil and gas company's stock after purchasing an additional 43,755 shares during the period. LBP AM SA's holdings in Marathon Petroleum were worth $7,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SWS Partners increased its position in shares of Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after acquiring an additional 2,806 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Marathon Petroleum by 1,204.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company's stock worth $75,757,000 after acquiring an additional 501,441 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Marathon Petroleum by 27.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 43,174 shares of the oil and gas company's stock worth $7,033,000 after acquiring an additional 9,355 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Marathon Petroleum by 747.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company's stock worth $3,466,000 after acquiring an additional 18,764 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in Marathon Petroleum by 4,227.5% during the third quarter. World Investment Advisors LLC now owns 69,759 shares of the oil and gas company's stock worth $11,364,000 after purchasing an additional 68,147 shares during the last quarter. 76.77% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms recently weighed in on MPC. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price target 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. Raymond James boosted their price target on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a report on Friday, January 17th. Piper Sandler cut their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, Barclays boosted their price target on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $182.13.

Insider Buying and Selling

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

Marathon Petroleum Price Performance

Marathon Petroleum stock traded down $0.16 during midday trading on Tuesday, reaching $146.00. 2,797,798 shares of the stock were exchanged, compared to its average volume of 2,476,660. The company's fifty day moving average is $148.56 and its 200-day moving average is $152.54. 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 has a market cap of $45.48 billion, a PE ratio of 14.70, a PEG ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a 52 week low of $130.54 and a 52 week high of $221.11.

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

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio (DPR) is presently 36.66%.

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.