Acropolis Investment Management LLC lifted its position in Marathon Petroleum Corp (NYSE:MPC) by 103.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,120 shares of the oil and gas company’s stock after acquiring an additional 14,833 shares during the quarter. Acropolis Investment Management LLC’s holdings in Marathon Petroleum were worth $1,921,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Crow Point Partners LLC purchased a new position in Marathon Petroleum in the third quarter valued at about $128,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the third quarter valued at about $135,000. YorkBridge Wealth Partners LLC grew its stake in 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 during the last quarter. Captrust Financial Advisors purchased a new position in Marathon Petroleum in the second quarter valued at about $173,000. Finally, BB&T Investment Services Inc. grew its stake in Marathon Petroleum by 118.2% in the third quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.
Several research firms have issued reports on MPC. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Monday, October 16th. Goldman Sachs Group lowered Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Scotiabank reiterated a “hold” rating and issued a $75.00 target price on shares of Marathon Petroleum in a research note on Wednesday. Cowen lifted their target price on Marathon Petroleum from $60.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Barclays lifted their target price on Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued 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 target price of $69.50.
Shares of Marathon Petroleum Corp (MPC) traded up $0.74 during mid-day trading 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 1-year low of $46.88 and a 1-year high of $70.43. The stock has a market capitalization of $34,310.00, a price-to-earnings 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 current ratio of 1.52 and a quick ratio of 0.80.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $19.38 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. equities analysts expect that Marathon Petroleum Corp will post 3.85 earnings per share for the current year.
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.
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).
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.