Lombard Odier Asset Management Switzerland SA bought a new position in Marathon Petroleum Corp (NYSE:MPC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,285 shares of the oil and gas company’s stock, valued at approximately $1,338,000.
Other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $116,000. Cerebellum GP LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $121,000. BB&T Investment Services Inc. grew its stake in shares of Marathon Petroleum by 118.2% during the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 1,659 shares during the period. MHI Funds LLC bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $189,000. Finally, Tiemann Investment Advisors LLC bought a new position in shares of Marathon Petroleum during the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Several research analysts have weighed in on the company. Citigroup upped their price target on Marathon Petroleum from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group restated an “outperform” rating and set a $89.00 price target on shares of Marathon Petroleum in a report on Wednesday, March 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $90.00 price objective (up previously from $88.00) on shares of Marathon Petroleum in a research report on Tuesday. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $90.00 price target on shares of Marathon Petroleum in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $79.08.
Shares of Marathon Petroleum Corp (NYSE MPC) traded up $0.11 during trading on Wednesday, reaching $69.36. The company had a trading volume of 3,320,000 shares, compared to its average volume of 4,260,000. Marathon Petroleum Corp has a 52-week low of $47.78 and a 52-week high of $73.53. The stock has a market capitalization of $33,020.00, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.28.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. equities analysts predict that Marathon Petroleum Corp will post 4.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Wednesday, February 21st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.65%. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, February 20th. Marathon Petroleum’s payout ratio is presently 48.29%.
In other news, insider Thomas M. Kelley sold 35,604 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total transaction of $2,305,359.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles E. Bunch purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $67.38 per share, for a total transaction of $101,070.00. Following the acquisition, the director now owns 12,853 shares in the company, valued at $866,035.14. The disclosure for this purchase can be found here. Insiders own 1.05% of the company’s stock.
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Marathon Petroleum Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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