Compagnie Lombard Odier SCmA boosted its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,345 shares of the company’s stock after buying an additional 3,587 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Marathon Petroleum Corporation were worth $2,529,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Marathon Petroleum Corporation by 1.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 41,045 shares of the company’s stock worth $1,558,000 after buying an additional 529 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of Marathon Petroleum Corporation during the second quarter worth $13,085,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Marathon Petroleum Corporation by 15.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 33,430 shares of the company’s stock worth $1,269,000 after buying an additional 4,503 shares during the last quarter. Evercore Wealth Management LLC raised its position in shares of Marathon Petroleum Corporation by 2.6% in the second quarter. Evercore Wealth Management LLC now owns 7,701 shares of the company’s stock worth $292,000 after buying an additional 193 shares during the last quarter. Finally, Wheatland Advisors Inc. raised its position in shares of Marathon Petroleum Corporation by 34.3% in the second quarter. Wheatland Advisors Inc. now owns 92,134 shares of the company’s stock worth $3,497,000 after buying an additional 23,551 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.
Marathon Petroleum Corporation (NYSE:MPC) opened at 50.14 on Friday. Marathon Petroleum Corporation has a 12 month low of $30.64 and a 12 month high of $54.59. The firm has a market capitalization of $26.47 billion, a P/E ratio of 22.69 and a beta of 1.74. The stock’s 50 day moving average price is $49.45 and its 200-day moving average price is $44.89.
Marathon Petroleum Corporation (NYSE:MPC) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.17. The business had revenue of $17.28 billion for the quarter, compared to analyst estimates of $14.54 billion. Marathon Petroleum Corporation had a return on equity of 5.74% and a net margin of 1.85%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, analysts forecast that Marathon Petroleum Corporation will post $3.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 16th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, February 14th. Marathon Petroleum Corporation’s payout ratio is currently 65.16%.
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MPC has been the topic of a number of research reports. Jefferies Group LLC set a $48.00 price objective on Marathon Petroleum Corporation and gave the company a “buy” rating in a report on Saturday, October 15th. Howard Weil lifted their price target on Marathon Petroleum Corporation from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Friday, October 28th. Scotiabank reiterated a “sector perform” rating and set a $47.00 price target (up previously from $45.00) on shares of Marathon Petroleum Corporation in a report on Friday, October 28th. Raymond James Financial, Inc. upgraded Marathon Petroleum Corporation from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $47.00 to $54.00 in a report on Monday, October 31st. Finally, Bank of America Corporation set a $59.00 price target on Marathon Petroleum Corporation and gave the stock a “buy” rating in a report on Monday, November 28th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.58.
Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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