Pictet Asset Management Holding SA Purchases 10,100 Shares of Marathon Petroleum Co. (NYSE:MPC)

Pictet Asset Management Holding SA increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,497 shares of the oil and gas company's stock after buying an additional 10,100 shares during the period. Pictet Asset Management Holding SA owned about 0.07% of Marathon Petroleum worth $29,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Marathon Petroleum by 342.1% in the third quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after purchasing an additional 4,328,470 shares during the last quarter. Norges Bank purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $453,427,000. Boston Partners grew its position in shares of Marathon Petroleum by 37.4% during the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock worth $480,501,000 after buying an additional 935,042 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock worth $495,595,000 after buying an additional 647,045 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Marathon Petroleum by 212.9% in the third quarter. National Bank of Canada FI now owns 846,756 shares of the oil and gas company's stock valued at $137,945,000 after acquiring an additional 576,119 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company's stock.

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Insider Buying and Selling at Marathon Petroleum

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

Marathon Petroleum Trading Down 6.0 %

MPC stock traded down $7.77 during mid-day trading on Friday, reaching $120.82. 1,686,860 shares of the stock traded hands, compared to its average volume of 2,834,110. The stock's fifty day moving average is $148.02 and its 200-day moving average is $151.05. Marathon Petroleum Co. has a 52-week low of $115.97 and a 52-week high of $221.11. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. The company has a market cap of $37.64 billion, a P/E ratio of 12.20, a P/E/G 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 EPS for the quarter, topping the consensus estimate 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%. Marathon Petroleum's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.98 earnings per share. As a group, sell-side analysts expect that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Wednesday, February 19th. Marathon Petroleum's dividend payout ratio is currently 36.66%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MPC shares. TD Cowen reissued a "buy" rating and issued a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on Marathon Petroleum from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Barclays lifted 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 set a $193.00 price objective on shares of Marathon Petroleum in a research note on Thursday, March 27th. Finally, Mizuho dropped their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.29.

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.