Swiss Life Asset Management Ltd Has $8.42 Million Position in Marathon Petroleum Corporation $MPC

Swiss Life Asset Management Ltd raised its position in Marathon Petroleum Corporation (NYSE:MPC) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,675 shares of the oil and gas company’s stock after purchasing an additional 2,600 shares during the period. Swiss Life Asset Management Ltd’s holdings in Marathon Petroleum were worth $8,418,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MPC. Delos Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Marathon Petroleum during the third quarter worth about $39,000. IAG Wealth Partners LLC bought a new position in Marathon Petroleum during the third quarter worth about $39,000. WFA of San Diego LLC acquired a new position in Marathon Petroleum in the second quarter valued at about $33,000. Finally, Transce3nd LLC increased its holdings in shares of Marathon Petroleum by 10,250.0% in 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 in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ricky D. Hessling sold 1,810 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $224.78, for a total value of $406,851.80. Following the completion of the transaction, the insider owned 10,188 shares of the company’s stock, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 4,473 shares of company stock worth $1,015,428 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Marathon Petroleum Stock Down 1.2%

NYSE:MPC opened at $232.91 on Friday. The stock has a 50-day simple moving average of $199.02 and a 200 day simple moving average of $190.07. Marathon Petroleum Corporation has a 52-week low of $115.10 and a 52-week high of $242.98. The company has a market cap of $68.59 billion, a PE ratio of 17.45, a PEG ratio of 1.41 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.73 by $0.34. The firm had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. On average, sell-side analysts expect that Marathon Petroleum Corporation will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.7%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Wall Street Analyst Weigh In

MPC has been the topic of a number of research analyst reports. Zacks Research lowered Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Mizuho boosted their price objective on Marathon Petroleum from $205.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays dropped their target price on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Jefferies Financial Group cut their price target on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.44.

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.