Lbp Am Sa Acquires 14,463 Shares of Marathon Petroleum Corporation (NYSE:MPC)

LBP AM SA increased its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 28.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,444 shares of the oil and gas company's stock after buying an additional 14,463 shares during the quarter. LBP AM SA's holdings in Marathon Petroleum were worth $9,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Marathon Petroleum by 78.1% in the 4th quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after purchasing an additional 4,367,774 shares during the period. Demars Financial Group LLC grew its stake in shares of Marathon Petroleum by 16,338.3% in the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after buying an additional 4,151,722 shares in the last quarter. Norges Bank acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $453,427,000. GAMMA Investing LLC grew its stake in shares of Marathon Petroleum by 14,969.1% in the first quarter. GAMMA Investing LLC now owns 1,540,963 shares of the oil and gas company's stock valued at $224,503,000 after buying an additional 1,530,737 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after buying an additional 935,042 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPC has been the subject of a number of recent research reports. TD Cowen increased their target price on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wells Fargo & Company increased their target price on Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday. Barclays increased their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday. Scotiabank raised their price objective on Marathon Petroleum from $147.00 to $180.00 and gave the company a "sector outperform" rating in a research note on Friday. Finally, Mizuho raised their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.38.

Marathon Petroleum Stock Down 1.3%

Shares of MPC stock traded down $2.45 on Friday, reaching $179.81. 4,388,192 shares of the company's stock traded hands, compared to its average volume of 2,719,877. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $183.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The company has a market capitalization of $55.24 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.88. The business's 50 day moving average price is $163.74 and its two-hundred day moving average price is $150.10.

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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 EPS. On average, equities analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is currently 51.20%.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the sale, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company's stock.

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.