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

Lbp Am Sa raised its holdings in shares of Marathon Petroleum Corporation (NYSE:MPC) by 279.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after purchasing an additional 3,924,713 shares during the period. Norges Bank purchased a new stake in Marathon Petroleum during the 2nd quarter valued at approximately $527,197,000. Geode Capital Management LLC raised its position in shares of Marathon Petroleum by 14.8% during the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after buying an additional 1,033,645 shares during the last quarter. Boston Partners lifted its holdings in shares of Marathon Petroleum by 13.1% in the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock worth $1,024,395,000 after buying an additional 715,223 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Marathon Petroleum by 27,979.8% during the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after acquiring an additional 657,246 shares during the last quarter. Institutional investors own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James Financial boosted their price target on shares of Marathon Petroleum from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday. The Goldman Sachs Group lowered their target price on Marathon Petroleum from $206.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of “Hold” and a consensus target price of $196.67.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $175.39 on Monday. The stock has a market cap of $52.72 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The stock has a 50 day moving average price of $179.65 and a 200-day moving average price of $180.71. Marathon Petroleum Corporation has a one year low of $115.10 and a one year high of $202.29.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) 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 company had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. Equities analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

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

About Marathon Petroleum

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.