Pictet Asset Management Holding SA Has $29.23 Million Holdings in Marathon Petroleum Co. (NYSE:MPC)

Pictet Asset Management Holding SA raised its stake in Marathon Petroleum Co. (NYSE:MPC) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,497 shares of the oil and gas company’s stock after buying an additional 10,100 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Marathon Petroleum were worth $29,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SWS Partners boosted its position in Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company’s stock valued at $2,452,000 after purchasing an additional 2,806 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Marathon Petroleum by 1,204.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 543,062 shares of the oil and gas company’s stock valued at $75,757,000 after purchasing an additional 501,441 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Marathon Petroleum by 747.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 21,275 shares of the oil and gas company’s stock worth $3,466,000 after buying an additional 18,764 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in Marathon Petroleum by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company’s stock valued at $22,483,000 after purchasing an additional 5,476 shares during the period. Finally, TCTC Holdings LLC increased its stake in Marathon Petroleum by 3.3% during the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company’s stock worth $12,730,000 after acquiring an additional 2,892 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Marathon Petroleum Stock Performance

NYSE:MPC opened at $144.05 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a twelve month low of $130.54 and a twelve month high of $221.11. The company has a fifty day moving average of $148.74 and a 200-day moving average of $151.46. The firm has a market capitalization of $44.88 billion, a P/E ratio of 14.51, a P/E/G ratio of 3.11 and a beta of 1.39.

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

Marathon Petroleum Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on MPC shares. TD Cowen reaffirmed a “buy” rating and issued a $170.00 target price on shares of Marathon Petroleum in a report on Tuesday, December 10th. Raymond James reaffirmed a “strong-buy” rating on shares of Marathon Petroleum in a report on Thursday. Tudor Pickering raised Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays lifted their target price on shares of Marathon Petroleum from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, March 14th. Finally, Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $180.21.

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.