Axa S.A. Boosts Holdings in Marathon Petroleum Co. (NYSE:MPC)

AXA S.A. raised its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,954 shares of the oil and gas company's stock after acquiring an additional 3,300 shares during the period. AXA S.A.'s holdings in Marathon Petroleum were worth $3,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OLD Second National Bank of Aurora raised its holdings 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 valued at $139,000 after buying an additional 67 shares during the last quarter. Nixon Peabody Trust Co. raised its position in shares of Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company's stock worth $288,000 after acquiring an additional 68 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company's stock worth $596,000 after acquiring an additional 69 shares during the period. DT Investment Partners LLC increased its position in Marathon Petroleum by 21.5% during the 4th quarter. DT Investment Partners LLC now owns 395 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 70 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Marathon Petroleum by 3.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,171 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 71 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPC has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Marathon Petroleum from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. TD Cowen upped their price target on Marathon Petroleum from $142.00 to $152.00 and gave the stock a "buy" rating in a research note on Wednesday. Barclays decreased their price objective on Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Scotiabank lowered their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Raymond James decreased their price target on Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $172.93.

Insider Buying and Selling

In related news, insider Ricky D. Hessling bought 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, with a total value of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares of the company's stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is owned by insiders.

Marathon Petroleum Trading Up 0.6 %

NYSE MPC traded up $0.93 during trading on Friday, hitting $150.90. 1,567,499 shares of the company's stock traded hands, compared to its average volume of 2,711,254. The stock has a fifty day moving average of $137.10 and a two-hundred day moving average of $145.16. Marathon Petroleum Co. has a 12-month low of $115.10 and a 12-month high of $184.72. The firm has a market cap of $47.01 billion, a P/E ratio of 15.20, a PEG ratio of 3.11 and a beta of 0.87. 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 (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion for the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. As a group, sell-side analysts expect 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 will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.41%. Marathon Petroleum's dividend payout ratio is currently 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.