Acropolis Investment Management LLC lifted its holdings in Marathon Petroleum Corp (NYSE:MPC) by 103.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,120 shares of the oil and gas company’s stock after purchasing an additional 14,833 shares during the quarter. Acropolis Investment Management LLC’s holdings in Marathon Petroleum were worth $1,921,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Bahl & Gaynor Inc. grew its holdings in shares of Marathon Petroleum by 3.3% in the second quarter. Bahl & Gaynor Inc. now owns 6,317 shares of the oil and gas company’s stock valued at $318,000 after purchasing an additional 200 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Marathon Petroleum by 7.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,937 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 200 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Marathon Petroleum by 6.1% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,413 shares of the oil and gas company’s stock worth $231,000 after buying an additional 252 shares during the period. Thrivent Financial For Lutherans boosted its stake in Marathon Petroleum by 1.4% during the second quarter. Thrivent Financial For Lutherans now owns 19,748 shares of the oil and gas company’s stock worth $1,033,000 after buying an additional 280 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Marathon Petroleum by 3.8% during the second quarter. Private Advisor Group LLC now owns 12,387 shares of the oil and gas company’s stock worth $670,000 after buying an additional 452 shares during the period. 80.61% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Rodney P. Nichols sold 6,374 shares of Marathon Petroleum stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total transaction of $413,863.82. Following the completion of the sale, the vice president now directly owns 74,674 shares in the company, valued at $4,848,582.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Kelley sold 35,604 shares of Marathon Petroleum stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total value of $2,305,359.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,854 shares of company stock valued at $9,482,177. Corporate insiders own 1.05% of the company’s stock.
Several research analysts have commented on the stock. Scotiabank reaffirmed a “hold” rating and set a $75.00 price objective on shares of Marathon Petroleum in a research note on Wednesday. Credit Suisse Group assumed coverage on shares of Marathon Petroleum in a research note on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 price objective for the company. ValuEngine raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. UBS Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $65.00 in a research note on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum has an average rating of “Buy” and a consensus price target of $69.50.
Marathon Petroleum Corp (MPC) traded up $0.74 during trading hours on Thursday, hitting $70.25. The stock had a trading volume of 2,389,524 shares, compared to its average volume of 3,750,000. Marathon Petroleum Corp has a fifty-two week low of $46.88 and a fifty-two week high of $70.43. The company has a market capitalization of $34,310.00, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.25 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The business had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts forecast that Marathon Petroleum Corp will post 3.85 EPS for the current fiscal year.
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Marathon Petroleum Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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