Axa S.A. Raises Stock Position in Marathon Petroleum Co. (NYSE:MPC)

Axa S.A. grew its holdings in Marathon Petroleum Co. (NYSE:MPC) by 142.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,526 shares of the oil and gas company’s stock after purchasing an additional 29,665 shares during the quarter. Axa S.A.’s holdings in Marathon Petroleum were worth $8,765,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FinTrust Capital Advisors LLC grew its stake in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth about $29,000. ICA Group Wealth Management LLC purchased a new position in shares of Marathon Petroleum in the 4th quarter valued at about $30,000. Vima LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter worth about $30,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MPC shares. Scotiabank lowered their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Barclays lowered their target price on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. Jefferies Financial Group raised their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Wells Fargo & Company lowered their price objective on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Mizuho cut their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Marathon Petroleum presently has a consensus rating of “Hold” and a consensus target price of $197.69.

Marathon Petroleum Trading Up 0.1 %

NYSE MPC opened at $163.65 on Friday. Marathon Petroleum Co. has a one year low of $139.32 and a one year high of $221.11. The firm has a market cap of $57.66 billion, a PE ratio of 8.17, a P/E/G ratio of 2.59 and a beta of 1.38. The firm’s fifty day moving average is $169.70 and its two-hundred day moving average is $179.25. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same period in the prior year, the business earned $5.32 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Marathon Petroleum Co. will post 10.56 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.02%. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

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.