Lbp Am Sa Boosts Stock Position in Marathon Petroleum Corporation $MPC

Lbp Am Sa raised its holdings in Marathon Petroleum Corporation (NYSE:MPC) by 279.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,606 shares of the oil and gas company’s stock after acquiring an additional 64,526 shares during the quarter. Lbp Am Sa’s holdings in Marathon Petroleum were worth $16,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MPC. Delos Wealth Advisors LLC bought a new position in shares of Marathon Petroleum in the second quarter worth about $25,000. Activest Wealth Management lifted its holdings in Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. NewSquare Capital LLC boosted its position in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 101 shares during the period. WFA of San Diego LLC bought a new position in Marathon Petroleum in the 2nd quarter worth about $33,000. Finally, Transce3nd LLC increased its position in shares of Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 205 shares during the period. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Stock Down 0.2%

Shares of NYSE MPC opened at $175.39 on Monday. The stock has a market capitalization of $52.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. Marathon Petroleum Corporation has a 12-month low of $115.10 and a 12-month high of $202.29. The stock’s fifty day simple moving average is $179.65 and its two-hundred day simple moving average is $180.71.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. As a group, analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were issued a $1.00 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. Marathon Petroleum’s dividend payout ratio (DPR) is 42.64%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday. Scotiabank restated an “outperform” rating and set a $174.00 price objective on shares of Marathon Petroleum in a report on Friday, January 16th. Citigroup decreased their target price on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Wells Fargo & Company dropped their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, BMO Capital Markets decreased their price objective on Marathon Petroleum from $208.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $196.67.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.