Groupama Asset Managment Reduces Stock Holdings in Marathon Petroleum Corporation $MPC

Groupama Asset Managment trimmed its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 24.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,435 shares of the oil and gas company’s stock after selling 2,783 shares during the quarter. Groupama Asset Managment’s holdings in Marathon Petroleum were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Navalign LLC purchased a new position in shares of Marathon Petroleum during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth about $31,000. Berbice Capital Management LLC raised its stake in Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. WFA of San Diego LLC purchased a new stake in Marathon Petroleum during the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC bought a new position in Marathon Petroleum during the fourth quarter worth about $34,000. 76.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the transaction, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Marathon Petroleum Price Performance

Shares of NYSE MPC opened at $316.25 on Friday. The stock’s 50-day simple moving average is $274.13 and its two-hundred day simple moving average is $237.42. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $326.92. The firm has a market capitalization of $92.33 billion, a P/E ratio of 20.64, a P/E/G ratio of 0.20 and a beta of 0.52. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The firm had revenue of $34.20 billion during the quarter, compared to the consensus estimate of $33.42 billion. During the same quarter last year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts anticipate that Marathon Petroleum Corporation will post 43.19 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.3%. Marathon Petroleum’s payout ratio is presently 26.11%.

Wall Street Analyst Weigh In

MPC has been the topic of several research reports. Zacks Research lowered shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 17th. UBS Group reiterated a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research note on Friday, July 10th. TD Cowen boosted their target price on shares of Marathon Petroleum from $315.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Bank of America increased their target price on Marathon Petroleum from $224.00 to $260.00 in a research report on Tuesday, May 26th. Finally, Mizuho raised their price target on Marathon Petroleum from $224.00 to $284.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $298.69.

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.