Groupama Asset Managment Grows Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Groupama Asset Managment raised its position in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,738 shares of the oil and gas company's stock after buying an additional 6,214 shares during the period. Groupama Asset Managment's holdings in Marathon Petroleum were worth $2,541,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MPC. OLD Second National Bank of Aurora grew its position in Marathon Petroleum by 7.2% in the 4th quarter. OLD Second National Bank of Aurora now owns 994 shares of the oil and gas company's stock worth $139,000 after purchasing an additional 67 shares during the last quarter. Nixon Peabody Trust Co. raised its holdings in Marathon Petroleum by 3.4% during the 4th quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after buying an additional 68 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Marathon Petroleum by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock valued at $596,000 after acquiring an additional 69 shares during the period. American Trust lifted its holdings in shares of Marathon Petroleum by 5.3% in the third quarter. American Trust now owns 1,397 shares of the oil and gas company's stock valued at $228,000 after purchasing an additional 70 shares in the last quarter. Finally, DT Investment Partners LLC lifted its position in shares of Marathon Petroleum by 21.5% in the fourth quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

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Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, with a total value of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MPC shares. Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Mizuho dropped their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Barclays raised their target price on Marathon Petroleum from $159.00 to $161.00 and gave the stock an "overweight" rating in a research report on Friday, March 14th. Raymond James restated a "strong-buy" rating and issued a $193.00 price target on shares of Marathon Petroleum in a research report on Thursday, March 27th. Finally, TD Cowen restated a "buy" rating and set a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $180.29.

Marathon Petroleum Price Performance

Shares of NYSE:MPC traded down $19.26 during midday trading on Thursday, hitting $128.64. The stock had a trading volume of 5,075,140 shares, compared to its average volume of 2,642,483. The company's 50-day moving average price is $148.02 and its 200-day moving average price is $151.05. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a fifty-two week low of $127.82 and a fifty-two week high of $221.11. The company has a market capitalization of $40.08 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio 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.