Lombard Odier Asset Management Switzerland SA Takes $1.19 Million Position in Marathon Petroleum Corporation $MPC

Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,866 shares of the oil and gas company’s stock, valued at approximately $1,188,000.

A number of other large investors have also added to or reduced their stakes in the stock. Pictet Asset Management Holding SA lifted its position in Marathon Petroleum by 31.0% during the first quarter. Pictet Asset Management Holding SA now owns 213,545 shares of the oil and gas company’s stock valued at $52,146,000 after purchasing an additional 50,521 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Marathon Petroleum by 570.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 168,644 shares of the oil and gas company’s stock worth $41,180,000 after buying an additional 143,500 shares during the period. North Dakota State Investment Board bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $1,714,000. KBC Group NV lifted its position in shares of Marathon Petroleum by 22.4% during the 4th quarter. KBC Group NV now owns 225,837 shares of the oil and gas company’s stock valued at $36,728,000 after buying an additional 41,259 shares in the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of Marathon Petroleum during the 4th quarter valued at approximately $4,977,000. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Trading Up 0.8%

Shares of MPC stock opened at $311.79 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $91.02 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 0.20 and a beta of 0.52. Marathon Petroleum Corporation has a 12-month low of $158.00 and a 12-month high of $326.92. The stock’s 50-day moving average price is $269.70 and its 200-day moving average price is $234.02.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.91. The business had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. Equities research analysts predict that Marathon Petroleum Corporation will post 43.19 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s payout ratio is currently 26.11%.

Insider Transactions at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MPC shares. The Goldman Sachs Group lifted their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Marathon Petroleum in a report on Friday, June 12th. TD Cowen raised their price target on Marathon Petroleum from $315.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, UBS Group restated a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $298.69.

Marathon Petroleum 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.