Lombard Odier Asset Management Switzerland SA purchased a new stake in Marathon Petroleum Corp (NYSE:MPC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,285 shares of the oil and gas company’s stock, valued at approximately $1,338,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC grew its stake in shares of Marathon Petroleum by 30.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock valued at $499,000 after acquiring an additional 2,069 shares during the period. Vaughan David Investments Inc. IL raised its holdings in shares of Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after acquiring an additional 602,879 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Marathon Petroleum by 3.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 975,944 shares of the oil and gas company’s stock worth $64,392,000 after acquiring an additional 30,353 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $987,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Marathon Petroleum by 29.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 414,303 shares of the oil and gas company’s stock worth $23,234,000 after acquiring an additional 95,386 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
In other Marathon Petroleum news, insider Thomas M. Kelley sold 35,604 shares of the stock in a transaction 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 legal filing with the SEC, which is accessible through the SEC website. Also, VP Rodney P. Nichols sold 6,374 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.93, for a total value of $413,863.82. Following the sale, the vice president now owns 74,674 shares in the company, valued at approximately $4,848,582.82. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.
Marathon Petroleum Corp (NYSE:MPC) traded up $0.11 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 1 year low of $47.78 and a 1 year high of $73.53. The firm has a market cap of $33,020.00, a PE 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 current ratio of 1.28 and a quick ratio of 0.75.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The firm had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. Marathon Petroleum’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. equities research analysts anticipate that Marathon Petroleum Corp will post 4.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, February 20th. Marathon Petroleum’s dividend payout ratio is 48.29%.
MPC has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Marathon Petroleum in a research report on Friday, February 2nd. Cowen reissued a “buy” rating on shares of Marathon Petroleum in a research report on Tuesday, November 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $89.00 price objective on shares of Marathon Petroleum in a research report on Tuesday, January 30th. Goldman Sachs Group raised Marathon Petroleum from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Barclays reiterated a “buy” rating and issued a $90.00 price target on shares of Marathon Petroleum in a research note on Friday, February 16th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Marathon Petroleum has an average rating of “Buy” and a consensus target price of $79.08.
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About Marathon Petroleum
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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