Pictet Asset Management Holding SA Purchases 10,100 Shares of Marathon Petroleum Co. (NYSE:MPC)

Pictet Asset Management Holding SA grew its position in Marathon Petroleum Co. (NYSE:MPC) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,497 shares of the oil and gas company’s stock after purchasing an additional 10,100 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.07% of Marathon Petroleum worth $29,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth $1,192,000. Easterly Investment Partners LLC grew its position in shares of Marathon Petroleum by 10.1% during the fourth quarter. Easterly Investment Partners LLC now owns 62,739 shares of the oil and gas company’s stock worth $8,752,000 after purchasing an additional 5,744 shares in the last quarter. Norges Bank bought a new stake in Marathon Petroleum during the 4th quarter valued at approximately $453,427,000. Blair William & Co. IL raised its position in shares of Marathon Petroleum by 10.2% during the fourth quarter. Blair William & Co. IL now owns 53,151 shares of the oil and gas company’s stock valued at $7,415,000 after buying an additional 4,908 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth approximately $660,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company’s stock, valued at $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Evan Bayh acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $133.70 per share, with a total value of $133,700.00. Following the transaction, the director now directly owns 69,305 shares in the company, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MPC has been the topic of several recent research reports. Wells Fargo & Company boosted their target price on Marathon Petroleum from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Mizuho lowered their price objective on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen reiterated a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Finally, Barclays increased their price objective on shares of Marathon Petroleum from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average target price of $180.21.

Marathon Petroleum Stock Performance

Shares of MPC opened at $144.05 on Monday. The firm has a fifty day moving average of $148.74 and a 200-day moving average of $151.46. The company has a market cap of $44.88 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23. Marathon Petroleum Co. has a 1 year low of $130.54 and a 1 year high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same period in the prior year, the business earned $3.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 19th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, February 19th. Marathon Petroleum’s payout ratio is presently 36.66%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.