Amundi Grows Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Amundi grew its holdings in shares of Marathon Petroleum Co. (NYSE:MPC) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,807,566 shares of the oil and gas company’s stock after purchasing an additional 428,708 shares during the quarter. Amundi’s holdings in Marathon Petroleum were worth $398,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC increased its position in shares of Marathon Petroleum by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,291 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 84 shares during the last quarter. Lifeworks Advisors LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $315,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $2,468,000. Machina Capital S.A.S. bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $211,000. Finally, Aviance Capital Partners LLC grew its stake in shares of Marathon Petroleum by 19.5% during the 4th quarter. Aviance Capital Partners LLC now owns 2,834 shares of the oil and gas company’s stock valued at $395,000 after acquiring an additional 463 shares during the period. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Insider Activity at Marathon Petroleum

In related news, Director Evan Bayh purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at approximately $9,266,078.50. This represents a 1.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Raymond James boosted their price objective on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research note on Friday, January 17th. TD Cowen reiterated a “buy” rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. Barclays cut their price objective on Marathon Petroleum from $168.00 to $159.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Mizuho dropped their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Marathon Petroleum Stock Up 0.1 %

NYSE MPC opened at $137.65 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. The company has a market capitalization of $43.03 billion, a P/E ratio of 13.86, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum Co. has a one year low of $130.54 and a one year high of $221.11. The stock has a 50 day moving average price of $148.61 and a 200-day moving average price of $154.28.

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

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.64%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

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.