Atlantic Trust Group LLC decreased its stake in shares of Marathon Petroleum Corp (NYSE:MPC) by 9.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,574 shares of the oil and gas company’s stock after selling 5,165 shares during the quarter. Atlantic Trust Group LLC’s holdings in Marathon Petroleum were worth $2,668,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of MPC. Parametric Portfolio Associates LLC lifted its holdings in Marathon Petroleum by 2.3% during the third quarter. Parametric Portfolio Associates LLC now owns 2,320,761 shares of the oil and gas company’s stock valued at $130,148,000 after purchasing an additional 52,667 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Marathon Petroleum in the third quarter worth about $1,286,000. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Marathon Petroleum by 3.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 44,950 shares of the oil and gas company’s stock worth $2,521,000 after buying an additional 1,524 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Marathon Petroleum in the third quarter worth about $332,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Marathon Petroleum in the third quarter worth about $517,000. Institutional investors and hedge funds own 80.61% of the company’s stock.
Marathon Petroleum Corp (NYSE MPC) opened at $71.42 on Friday. 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 Corp has a 12 month low of $46.88 and a 12 month high of $71.50. The firm has a market cap of $34,880.00, a price-to-earnings ratio of 22.32, a PEG ratio of 1.25 and a beta of 1.62.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.48 by $0.29. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The business had revenue of $19.36 billion for the quarter, compared to analyst estimates of $19.38 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. research analysts predict that Marathon Petroleum Corp will post 3.85 earnings per share for the current year.
In related news, VP Raymond L. Brooks sold 13,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the sale, the vice president now owns 32,205 shares of the company’s stock, valued at approximately $2,005,083.30. 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 the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total transaction of $2,305,359.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,854 shares of company stock valued at $9,482,177. Corporate insiders own 1.05% of the company’s stock.
MPC has been the subject of several recent analyst reports. Scotiabank restated a “hold” rating and set a $75.00 price objective on shares of Marathon Petroleum in a research report on Wednesday. ValuEngine upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Credit Suisse Group began coverage on shares of Marathon Petroleum in a research report on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 price target for the company. Goldman Sachs Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $63.00 to $65.00 in a research note on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Marathon Petroleum has a consensus rating of “Buy” and a consensus price target of $69.50.
Marathon Petroleum Company 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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