Kwmg LLC Acquires 1,454 Shares of Marathon Petroleum Corp (NYSE:MPC)

Kwmg LLC boosted its position in shares of Marathon Petroleum Corp (NYSE:MPC) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,606 shares of the oil and gas company’s stock after buying an additional 1,454 shares during the quarter. Kwmg LLC’s holdings in Marathon Petroleum were worth $2,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Marathon Petroleum by 2.3% during the second quarter. BlackRock Inc. now owns 56,398,616 shares of the oil and gas company’s stock worth $3,151,555,000 after buying an additional 1,251,901 shares during the period. Steadfast Capital Management LP boosted its stake in Marathon Petroleum by 45.6% during the second quarter. Steadfast Capital Management LP now owns 7,369,706 shares of the oil and gas company’s stock worth $411,819,000 after buying an additional 2,307,655 shares during the period. Boston Partners boosted its stake in Marathon Petroleum by 214.8% during the second quarter. Boston Partners now owns 7,202,381 shares of the oil and gas company’s stock worth $402,410,000 after buying an additional 4,914,767 shares during the period. Invesco Ltd. boosted its stake in Marathon Petroleum by 52.4% during the second quarter. Invesco Ltd. now owns 6,712,810 shares of the oil and gas company’s stock worth $375,112,000 after buying an additional 2,308,553 shares during the period. Finally, Third Point LLC boosted its stake in Marathon Petroleum by 14.3% during the second quarter. Third Point LLC now owns 4,000,000 shares of the oil and gas company’s stock worth $223,520,000 after buying an additional 500,000 shares during the period. 76.57% of the stock is owned by institutional investors.

Several research analysts have commented on MPC shares. Raymond James lifted their price objective on shares of Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. ValuEngine raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Citigroup lifted their price objective on shares of Marathon Petroleum from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of Marathon Petroleum from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.38.

Shares of MPC traded up $0.82 during trading hours on Tuesday, reaching $65.49. 210,756 shares of the company traded hands, compared to its average volume of 7,149,839. The firm has a market cap of $42.88 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 1.71 and a beta of 1.71. Marathon Petroleum Corp has a 12-month low of $43.96 and a 12-month high of $74.56. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average price is $57.99 and its 200 day moving average price is $54.53.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.40. The firm had revenue of $33.70 billion during the quarter, compared to analyst estimates of $33.26 billion. Marathon Petroleum had a net margin of 2.36% and a return on equity of 9.55%. The business’s revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 earnings per share. On average, research analysts forecast that Marathon Petroleum Corp will post 3.83 earnings per share for the current year.

Marathon Petroleum Company Profile

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

Further Reading: What is channel trading?

Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corp (NYSE:MPC).

Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.