Alpha Windward LLC raised its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 147.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,331 shares of the oil and gas company’s stock after buying an additional 6,757 shares during the period. Marathon Petroleum comprises approximately 0.5% of Alpha Windward LLC’s investment portfolio, making the stock its 15th biggest position. Alpha Windward LLC’s holdings in Marathon Petroleum were worth $906,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Greenleaf Trust boosted its holdings in shares of Marathon Petroleum by 10.1% in the second quarter. Greenleaf Trust now owns 6,953 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 635 shares during the period. MUFG Americas Holdings Corp boosted its holdings in shares of Marathon Petroleum by 2.4% in the second quarter. MUFG Americas Holdings Corp now owns 27,240 shares of the oil and gas company’s stock valued at $1,911,000 after purchasing an additional 639 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Marathon Petroleum by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 51,889 shares of the oil and gas company’s stock valued at $3,641,000 after purchasing an additional 692 shares during the period. Charter Trust Co. boosted its holdings in shares of Marathon Petroleum by 4.9% in the second quarter. Charter Trust Co. now owns 17,436 shares of the oil and gas company’s stock valued at $1,223,000 after purchasing an additional 807 shares during the period. Finally, Beech Hill Advisors Inc. boosted its holdings in shares of Marathon Petroleum by 1.8% in the third quarter. Beech Hill Advisors Inc. now owns 44,986 shares of the oil and gas company’s stock valued at $3,598,000 after purchasing an additional 811 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.
Shares of MPC stock traded down $0.33 during mid-day trading on Thursday, hitting $78.82. 4,859,500 shares of the stock were exchanged, compared to its average volume of 5,237,816. The company has a quick ratio of 1.04, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. Marathon Petroleum Corp has a 52-week low of $55.87 and a 52-week high of $88.45. The firm has a market cap of $36.07 billion, a P/E ratio of 20.79, a PEG ratio of 1.34 and a beta of 1.50.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The firm had revenue of $22.45 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts anticipate that Marathon Petroleum Corp will post 5.05 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Barclays started coverage on shares of Marathon Petroleum in a report on Wednesday, October 3rd. They issued an “overweight” rating and a $125.00 price target on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of Marathon Petroleum in a report on Monday, August 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 price target on shares of Marathon Petroleum in a report on Friday, July 27th. Finally, Mizuho started coverage on shares of Marathon Petroleum in a report on Wednesday, August 1st. They issued a “buy” rating and a $95.00 price target on the stock. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.38.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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