Marathon Petroleum Co. (NYSE:MPC) Stock Holdings Increased by Groupama Asset Managment

Groupama Asset Managment grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 49.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,738 shares of the oil and gas company’s stock after acquiring an additional 6,214 shares during the quarter. Groupama Asset Managment’s holdings in Marathon Petroleum were worth $2,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MPC. Edgestream Partners L.P. increased its stake in Marathon Petroleum by 5.2% during the 3rd quarter. Edgestream Partners L.P. now owns 16,497 shares of the oil and gas company’s stock valued at $2,688,000 after buying an additional 811 shares during the period. True Wealth Design LLC boosted its holdings in shares of Marathon Petroleum by 672.7% in the third quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 148 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Marathon Petroleum during the third quarter valued at approximately $218,000. Benjamin Edwards Inc. bought a new stake in Marathon Petroleum during the third quarter worth approximately $803,000. Finally, Hilltop Holdings Inc. lifted its position in Marathon Petroleum by 5.7% in the third quarter. Hilltop Holdings Inc. now owns 6,205 shares of the oil and gas company’s stock worth $1,011,000 after purchasing an additional 332 shares during the period. Institutional investors own 76.77% of the company’s stock.

Insider Buying and Selling

In other Marathon Petroleum news, insider Ricky D. Hessling purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the purchase, the insider now directly owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Bayh acquired 1,000 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the purchase, 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. 0.21% of the stock is owned by corporate insiders.

Marathon Petroleum Trading Up 0.7 %

Shares of NYSE MPC opened at $146.69 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The business has a 50-day moving average price of $148.52 and a two-hundred day moving average price of $151.23. The firm has a market capitalization of $45.70 billion, a PE ratio of 14.77, a PEG ratio of 3.11 and a beta of 1.39.

Marathon Petroleum (NYSE:MPC) last posted its quarterly 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 net margin of 2.45% and a return on equity of 12.07%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted $3.98 earnings per share. As a group, analysts predict that Marathon Petroleum Co. will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 36.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MPC shares. Raymond James reissued a “strong-buy” rating on shares of Marathon Petroleum in a research note on Thursday, March 27th. Piper Sandler dropped their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Barclays raised their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. Mizuho cut their target price 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. Finally, Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $180.21.

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.